In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $5 on January 1, (2) 600 units at $7 on January 8, and (3) 830 units at $8 on January 29. Assume 1,030 units are on hand at the end of the month.

Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the (a) FIFO, (b) LIFO, and (c) weighted average cost flow assumptions. Assume perpetual inventory system and sold 800 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.)

	FIFO	LIFO	Weighted Average Cost
Goods Available for Sale
Cost of Goods Sold
Ending Inventory

Complete the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.)

BI	PURCHASES	CGS	EI	INVENTORY TURNOVER RATIO	DAYS TO SELL
300	1200	1200	300	4.0	91.3
290		2000		10.0	36.5
		1800	50	18.0	20.3