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Required Infiormation [The following infomation applies to the questions displayed below.] In its first month of operations, Literacy for the Iliterate opened a new bookstore
Required Infiormation [The following infomation applies to the questions displayed below.] In its first month of operations, Literacy for the Iliterate 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 . Assuming 900 units are on hand at the end of the month, cal culate the cost of goods available for sale, ending inventory, and cost of goods soid under Weighted Average Cost. Assume a periodic inventory system s used. (Round "Cost per Unit" to 2 declmal pleces.) [The following information applies to the questions displayed below] In its first month of operations, Literacy for the Iliterate 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. Assuming 900 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 LIFO. Assume a periodic inventory system is used. (Round "Cost per Unlt" to 2 declmol places.) [The following information applies to the questions displayed below] In its first month of operations. Literacy for the Iliterate opened a new bookstore and bought merchandise in the following order (1) 300 units at $7 on January ., (2) 450 units at $8 on January 8 , and (3) 750 units at $9 on January 29. Required: Ass uming 900 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 pleces.)
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