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Required information M7-11 to 13 (Algo) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and

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Required information 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] [The following information applies to the questions displayed below] In its first month of operations, Literacy for the lliterate opened a new bookstore and bought merchandise in the following order (1) 150 units at $7 on January 1. (2) 560 units at $8 on January 8 , and (3) 860 units at $10 on January 29 M7-11 (Algo) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO [LO 7.3] Assuming 1,065 units are on hand at the end of the month, calculate the cost of goods avallable for sale, ending inventory, and cost of goods sold under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unir" to 2 decimal places.) Required information 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] [The following information applies to the questions displayed below] In its first month of operations, Literacy for the lititerate opened a new bookstore and bought merchandise in the following order. (1) 150 units at \$7 on January 1, (2) 560 units at $8 on January 8, and (3) 860 units at $10 on January 29. 17-13 (Algo) Calculating Cost of Goods Available for Sole, Cost of Goods Sold, and Ending Inventory inder Periodic Weighted Average Cost [LO 7-3] ssuming 1,065 units are on hand at the end of the month, calculate the cost of goods available for sale, ending inventory, and cost of oods sold under weighted average cost flow assumptions. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 ecimal places.)

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