Alrcard 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 $25 July 1 July 5 July 13 July 17 July 25 July 27 Beginning Inventory Sold Purchased Sold Purchased Sold 2,000 1.000 6,000 3,000 8,000 5,000 29 31 Calculate the cost of goods available for sale, ending inventory, and cost of goods sold i Alrcard uses (a) FIFO. (D) 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 Required Information [The following information applies to the questions displayed below) In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order. (1) 260 units at $7 on January 1, (2) 470 units at $8 on January 8, and (3) 770 units at $9 on January 29. Assume 950 units are on hand at the end of the month, calculate the cost of goods available for sale, ending inventory, and cost of goods sold under FIFO. Assume a periodic Inventory system is used. (Round "Cost per Unit" to 2 decimal places.) FIFO Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold Required Information [The following information applies to the questions displayed below) In its first month of operations, Literacy for the literate opened a new bookstore and bought merchandise in the following order: (1) 260 units at $7 on January 1, (2) 470 units at $8 on January 8, and (3) 770 units at $9 on January 29. Assume 950 units are on hand at the end of the month, calculate the cost of goods available for sale, ending inventory, and cost of goods sold under the LIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.) LO Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold