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Madan Corporation began operating on June 26 with no inventory on hand. It then made the purchases listed below. Madan Corporation sold and delivered 40

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Madan Corporation began operating on June 26 with no inventory on hand. It then made the purchases listed below. Madan Corporation sold and delivered 40 units on June 30. Date June 27 June 28 June 29 Description Purchase Purchase Purchase Units 17 27 31 Unit Cost $ 10.20 11.20 13.20 Total Cost $ 173.40 302.40 409.20 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory at June 30. 3. Calculate the cost of ending inventory and the cost of goods sold under FIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number and cost of goods available for sale. (Do not round intermediate values. Round your "Cost of Goods Available for Sale" answer to 2 decimal places.) Number of Goods Available for Sale units Cost of Goods Available for Sale Required 1 Required 2. Required 3 Calculate the number of units in ending inventory at June 30. Ending Inventory units Required 1 Required 2. Required 3 Calculate the cost of ending inventory and the cost of goods sold under FIFO. (Do not round intermediate values. Round your "Cost of Goods Sold" answer to 2 decimal places.) Cost of Ending Inventory Cost of Goods Sold FIFO

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