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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
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.
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tableUnits,Unit,CostJuly Beginning Inventory,$July Sold,July Purchased,July Sold,July Purchased,July Sold,
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 decimal places.
tableCost of Goods Available for Sale,FIFO,LIFOEnding Inventory,,Cost of Goods Sold,,
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