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Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of

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Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July. July 1 July 5 July 13 Beginning Inventory Sold July 17 July 25 July 27 Purchased Sold Purchased Sold Units 2,500 Unit Cost $ 35 1,500 6,500 39 3,500 8,500 41 5,500 Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircard uses (a) FIFO, (b) LIFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.) FIFO LIFO Weighted Average Cost Cost of Goods Available for Sale $ Ending Inventory Cost of Goods Sold 427,000 158,000 $ 2,500 15,000 15,000

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