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In its first month of operations, Literacy for the literate opened a new bookstore and bought merchandise in the following order: (1) 340 units at

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In its first month of operations, Literacy for the literate opened a new bookstore and bought merchandise in the following order: (1) 340 units at $10 on January 1, (2) 580 units at $11 on January 8, and (3) 880 units at $12 on January 29, Assume 1.090 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 FIFO. Assume a periodic inventory system is used (Round "Cost per Unit" to 2 decimal places.) FIFO $ 20,340 Cost of Goods Available for Sale Ending inventory Cost of Goods Sold In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order (1) 340 units at $10 on January 1 (2) 580 units at $11 on January 8, and (3) 880 units at $12 on January 29, Assume 1,090 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.) LIFO Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold [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) 340 units at $10 on January 1. (2) 580 units at $11 on January 8, and (3) 880 units at $12 on January 29, Assume 1,090 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 welghted average cost flow assumptions. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.) Weighted Average Cout Cost of Goods Available for Sale Ending Inventory Cont of Goods Sold

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