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Floppy uses the period method and had the following inventory eventsduring January: Date Units Purchased Unit Cost Date Units Sold Unit Sales Price Jan. 1

Floppy uses the period method and had the following inventory eventsduring January:

Date

Units Purchased

Unit Cost

Date

Units Sold

Unit Sales Price

Jan. 1

150

$7.00

Jan. 2

100

$10.00

Jan. 5

225

7.20

Jan. 7

125

10.00

Jan. 10

100

7.50

Jan. 12

75

12.00

Jan. 15

150

7.80

Jan. 17

200

12.50

Jan. 20

200

7.95

Jan. 24

150

15.00

Jan. 25

150

8.00

Jan. 30

75

8.20

Note: January 1 amountwas the beginning inventory and unit value.

(Round all total dollar values to the nearest dollar. Round all unitvalues to the nearest penny.)

Acct220 Page2 of 9

Required:

a. Calculate cost of goods available forsale.

b. Calculate the dollar value of sales.

c. Calculate the value of Ending Inventory andCost of Good Sold under the following independent assumptions:

1) LIFO method

2) FIFO method

3) Average-costmethod

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