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Required information M 7 - 1 1 to 1 3 ( Algo ) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and

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M7-11 to 13(Algo) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3]
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In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1)340 units at $10 on January 1,(2)580 units at $11 on January 8, and (3)880 units at $12 on January 29.
M7-13(Algo) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic Weighted Average Cost [LO 7-3]
Assuming 1,090 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 weighted average cost flow assumptions. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.)

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