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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

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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 Units Beginning Inventory Unit Cost 2.500 July 5 Sold $.20 1,500 July 13 Purchased 6,500 July 17 Sold 3.500 July 25 Purchased July 27 Sold 8,500 5.500 Calculate the cost of goods available for sale ending inventory, and cost of goods sold it Arcard uses (a) FIFO, CLIFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.) 26 FIFO LIFO Weighted Average Cost Cost of Goods Avallable for Sale Ending Inventory Cost of Goods Sold

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