In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 300 units at $4 on January 1, (2) 450 units at $5 on January 8, and (3) 820 units at $6 on January 29. Assume 970 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 600 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.)

	FIFO	LIFO	Weighted Average Cost
Goods Available for Sale	$8,370	$8,370	$8,370
Cost of Goods Sold	2,700	2,850
Ending Inventory	$5,670	$5,520