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Required information In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 200

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image text in transcribed Required information In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 200 units at $5 on January 1, (2) 300 units at $9 on January 8, and (3) 810 units at $10 on January 29. Assume 910 units are on hand at the end of the month. alculate the cost of goods available for sale, cost of goods sold, and ending inventory under the FIFO. Assume perpetual inventory ystem and sold 400 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.) Required information In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 200 units at $5 on January 1, (2) 300 units at $9 on January 8, and (3) 810 units at $10 on January 29. Assume 910 units are on hand at the end of the month. Salculate the cost of goods available for sale, cost of goods sold, and ending inventory under the LIFO. Assume perpetual inventory ystem and sold 400 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.)

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