Current Attempt in Progress Transactions for the month of July for Shelly's Bookstore were as follows: July (a) 1 (balance) 600@ $7.3 July 1,200@ $7.40 700 @ $7.60 8 22 Purchases 30 250@ $7.75 Assuming that periodic inventory records are kept. Sales 3 350 @ 12 900 @ $9.5 $9.75 25 800@ $10.00 Determine the ending inventory and cost of goods sold using FIFO method. (Round answers to 2 decimal places, e.g. 52.75.)

Current Attempt in Progress Transactions for the month of July for Shelly's Bookstore were as follows: Assuming that periodic inventory records are kept. (a) Determine the endirg inventory and cost of goods sold using FFO method. (Round anowers to 2 decimal places, e\& 5275 ) Determine the ending inventory and cost of goods sold using LIFO method. (hound answers to 2 decimal ploces, es $275 ) Endingiriventory Cost of goodssold $ Attempts:unlimited (c) Determine the ending inventory and cost of goods sold using average cost method. ARound awerage cost per unit and finat answes to 2decimal ploces, es. 52.75 ) Endinelinentory Cost of goods sold Determine the ending inventory and cost of goods sold using FIFO method. (Round answers to 2 decimal places, es. 52.75.) Ending inventory Cost of goods sold