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Kelly O's Sporting Goods reported the following January 2022 transactions with respect to inventory item KO-13, a LAM punch dummy used as a training aid: Beginning inventory Jan 1 5-Jan Purchase Units Unit Cost $48.50 $49.25 THIN Sale Purchase 20 18 17 $51.25 7 $52.65 7-Jan 10-Jan 15-Jan 20-Jan Sale Purchase 25-Jan Sale 16 1 Use the above information to calculate the following: Cost of goods available for sale if the perioic system is used Ending Inventory Value using FIFO periodic 1 2 3 3 Cost of goods sold using FIFO periodic Ending Inventory Value using LIFO periodic 5 Cost of goods sold using LIFO periodic 5 6 Ending Inventory Value using Average Cost periodic (round unit cost to the penny) 6 7 Cost of goods sold using Average Cost periodic 7 8 Cost of goods available for sale if the perpetual system is used 8 9 9 Ending Inventory Value using FIFO PERPETUAL 10 Cost of goods sold using FIFO PERPETUAL 10 11 11 Ending Inventory Value using LIFO PERPETUAL 12 Cost of goods sold using LIFO PERPETUAL 12 13 INDICATE THE: Gross Profit the KO-13 units (39) are sold at $70 each and LIFO PERPETUAL is used. Account (if any) debited at COST when a sale occurs and the Perpetual Inventory System is used. 14 15 Account (if any) credited at COST when a sale occurs and the Perpetual Inventory System is used. 15 Account debited when merchandise is acquired and the Perpetual Inventory System is used. 17 Account debited when merchandise is acquired and the Periodic Inventory System is used. 17 Que November 20th Answers Date Units Purchases U/C I/C Units Cost of Sales U/C T/C Units Inventory U/C I/C Date Purchases Units U/C I/C Units Cost of Sales U/C Inventory I/C Units U/C I/C