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Homework Help Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the
Homework Help Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July, July 1 July 5 Unita Unit Cost Beginning Inventory Sold 2,500 1,500 $ 20 47 July 13 Purchased 6,500 24 July 17 Sold 3,500 July 25 July 27 Purchased Sold 8,500 26 5,500 Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircard uses (a) FIFO, (b) LIFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.) FIFO LIFO Weighted Average Cost Cost of Goods Available for Sale 427,000 $ 427,000 $ 427,000 Ending Inventory Cost of Goods Sold
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