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Ch 7 HW Part 16 4 Saved 037 points Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies
Ch 7 HW Part 16 4 Saved 037 points 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 1,000 July 13 Purchased 6,000 24 July 17 Sold 3,000 July 25 Purchased eBook July 27 Sold 8,000 5,000 26 Print 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 References Cost of Goods Available for Sale S 392,000 Ending Inventory Cost of Goods Sold Mc Graw Help Save & Exit Check
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