E7-4 (Algo) FIFO Inventory Calculations [LO 7-3] 20 60 780.00 Nigam & Roy, Incorporated began operating on June 26 with no inventory on hand. It then made the purchases listed below. Nigam & Roy, Incorporated sold and delivered 76 units on June 30. Date Description Units Unit Cost Total Cost June 27 Purchase $ 12.00 $ 240.00 June 28 Purchase 13.00 June 29 Purchase 40 15.00 600.00 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory at June 30. 3. Calculate the cost of ending inventory and the cost of goods sold under FIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number and cost of goods available for sale. (Do not round intermediate values. Round your "Cost of Goods Available for Sale" answer to 2 decimal places.) E7-4 (Algo) FIFO Inventory Calculations (LO 7-3] 20 Nigam & Roy. Incorporated began operating on June 26 with no inventory on hand. It then made the purchases listed below. Nigam & Roy, Incorporated sold and delivered 76 units on June 30. Date Description Units Unit Cost Total Cost June 27 Purchase $ 12.00 $ 240.00 June 28 Purchase 60 13.00 780.00 June 29 Purchase 40 15.00 600.00 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory at June 30. 3. Calculate the cost of ending inventory and the cost of goods sold under FIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of units in ending inventory at June 30. E7-4 (Algo) FIFO Inventory Calculations (LO 7-3] Nigam & Roy, Incorporated began operating on June 26 with no inventory on hand. It then made the purchases listed below. Nigam & Roy, Incorporated sold and delivered 76 units on June 30. Date Description Units Unit Cost Total Cost June 27 Purchase 20 $ 12.00 $ 240.00 June 28 Purchase 60 13.00 780.00 June 29 Purchase 40 15.00 600.00 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory at June 30. 3. Calculate the cost of ending inventory and the cost of goods sold under FIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the cost of ending inventory and the cost of goods sold under FIFO. (Do not round intermediate values. Round your "Cost of Goods Sold" answer to 2 decimal places.)