Inventory Costing Methods-Periodic Method The Luann Company uses the periodic inventory system. The following July data are for an item in Luann's inventory: July 1 Beginning inventory 30 units @ 10 Purchased 15 Sold 26 Purchased Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Note: Round your cost per unit to three decimal places, if needed. Then round your final answers to the nearest dollar. A First-in, First-out: Ending Inventory Cost of Goods Sold: B. Last-in, first-out: Ending Inventory $9 per unit 50 units @ $11 per unit 60 units 25 units @ $13 per unit $ $ $ 740 x 600 505 x

Inventory Costing Methods-Periodic Method The tuann Compary uses the periodic inwentory system, The folowing jobyata are for an item in tuanns inventory: Caiculate the cost of goods sold for july and ending inventory at july 31 using (a) firstinf first-out, (b) tast-in, first-out, and ic the weighted average cost inethois. Note: Found your cost per unit to thee decimal places, if needed, Then round your final answers to the nearest dollar