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E7-4 (Algo) FIFO Inventory Calculations [LO 7-3] Cheng Company began operating on June 26 with no inventory on hand. It then made the purchases listed

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E7-4 (Algo) FIFO Inventory Calculations [LO 7-3] Cheng Company began operating on June 26 with no inventory on hand. It then made the purchases listed below. Cheng Company sold and delivered 67 units on June 30, Date June 27 June 28 June 29 Description Purchase Purchase Purchase Units 15 56 29 Unit Cost $9.80 10.80 12.80 Total Cost $147.00 604.80 371.20 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: 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.) units Number of Goods Available for Sale Cost of Goods Avilable for Sale Required 1 Required 2 >

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