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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 Units Unit Cost July 1 Beginning Inventory 2,000 $20 July 5 Sold July 13 Purchased July 17 Sold July 25 Purchased July 27 Sold 1,000 6,000 22 3,000 8,000 24 5,000 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 Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold References eBook & Resources Worksheet Difficulty: 2 Medium Learning Objective: 07-03 Compute costs 20 F7 IAl

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