E7-4 (Algo) FIFO Inventory Calculations [LO 7-3] Jackson Company began operating on June 26 with no inventory on hand. It then made the purchases listed below. Jackson Company sold and delivered 60 units on June 30. Description Date June 27 Purchase June 28 Purchase June 29 Purchase Required: Units 24 Unit Cost Total Cost 40 $ 11.20 12.20 $ 268.80 488.00 36 14.20 511.20 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.) Number of Goods Available for Sale Cost of Goods Available for Sale units Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 3 Calculate the number of units in enaing inventory at June 30. Ending Inventory units < Required 1 Required 3 > 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.) Cost of Ending Inventory Cost of Goods Sold FIFO < Required 2 Required 3 >