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In its first month of operations, Literacy for the lliterate opened a new bookstore and bought merchandise in the following order: ( 1 ) 3

In its first month of operations, Literacy for the lliterate opened a new bookstore and bought merchandise in the following order: (1)300 units at $7 on January 1,(2)450 units at $8 on January 8, and (3)750 units at $9 on January 29 Assume 900 units are on hand at the end of the month.
Required:
Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the FIFO. Assume perpetual inventory system and sold 600 units between January 9 and January 28.(Round your intermediate calculations to 2 decimal places.)
\table[[,FIFO],[Goods Available for Sale,],[Cost of Goods Sold,],[Ending Inventory,]]
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