Help Save & Exit Submit 3 Check my work Part 2 Required Information M7-11 to 13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and weighted Average Cost [LO 7-3) [The following information applies to the questions displayed below] In its first month of operations, Literacy for the literate opened a new bookstore and bought merchandise in the following order: (1) 240 units at $10 on January 1. (2) 480 units at $11 on January 8, and (3) 780 units at $12 on January 5 29 M7-12 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic LIFO (LO 7-3) Assume 950 units are on hand at the end of the month, calculate the cost of goods available for sale, ending Inventory and cost of goods sold under the LIFO. Assume a periodic inventory system is used (Round "Cost per Unit" to 2 decimal places) Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold UFO $ 17040 4 o Check my world Part 33 Required information M7-11 to 13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3) [The following information applies to the questions displayed below) In its first month of operations, Literacy for the literate opened a new bookstore and bought merchandise in the following order (1) 240 units at $10 on January (2) 480 units at $11 on January 8, and (3) 780 units at $12 on January $ 29 5 points M7-13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic Weighted Average Cost [LO 7-3) Assume 950 units are on hand at the end of the month, calculate the cost of goods available for sale, ending Inventory, and cost of goods sold under the weighted average cost flow assumptions. Assume a periodic Inventory system is used. (Round "Cost per Unit to 2 decimal places.) Weighted Average Cost Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold