Required Information M7-11 to 13 Calculating Cost of Goods Avallable for Sale, Cost of Goods Sold, and Ending Inventory under Perlodic FIFO, LIFO, and Welghted Average Cost [LO 7-3) The following information applies to the questions displayed below. In its first month of operations, Literacy for the Illiterate 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. M7-11 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO (LO 7-3] 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 FIFO. Assume a periodic Inventory system is used. (Round "Cost per Unit" to 2 decimal places.) FIFO Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold M7-12 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Perlodic LIFO [LO 7-3] 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 Unit" to 2 decimal places.) LIFO Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold M7-13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic Weighted Average Cost (LO 7-31 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 Weighted Average Cost. Assume a periodic Inventory system is used. (Round "Cost per Unit" to 2 decimal places.) Weighted Average Cost Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold