Required information M7-20 to 22 (Algo) (Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under Perpetual FIFO, LIFO, and Weighted Average Cost [LO 7.S1] In its first month of operations, Literacy for the liliterate opened a new bookstore and bought merchandise in the following order: (1) 350 units at $4 on January 1, (2) 650 units at $6 on January 8, and (3) 760 units at $7 on January 29. Assume 1,060 units are on hand at the end of the month. M7-20 (Algo) (Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under Perpetual FIFO [LO 7-S1] Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the FIFO. Assume perpetual inventory system and sold 700 units between January 9 and January 28 , (Round your intermediate calculations to 2 decimal places.) Required information M7-20 to 22 (Algo) (Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under Perpetual FIFO, LIFO, and Weighted Average Cost [LO 7-S1] In its first month of operations, Literacy for the lliterate opened a new bookstore and bought merchandise in the following order: (1) 350 units at $4 on January 1, (2) 650 units at $6 on January 8, and (3) 760 units at $7 on January 29 . Assume 1,060 units are on hand at the end of the month. M7-21 (Algo) (Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under Perpetual LIFO [LO 7-S1] Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the LIFO. Assume perpetual inventory ystem and sold 700 units between January 9 and January 28 . (Round your intermediate calculations to 2 decimal places.) Required information M7-20 to 22 (Algo) (Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under Perpetual FIFO, LIFO, and Weighted Average Cost [LO 7.S1] In its first month of operations, Literacy for the lliterate opened a new bookstore and bought merchandise in the following order: (1) 350 units at $4 on January 1, (2) 650 units at $6 on January 8 , and (3) 760 units at $7 on January 29. Assume 1,060 units are on hand at the end of the month. 17-22 (Algo) (Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under Perpetual leighted Average Cost [LO 7-S1] Siculate the cost of goods avaliable for sale, cost of goods sold, and ending inventory under the weighted average cost flow sumptions. Assume perpetual inventory system and sold 700 units between January 9 and January 28 . (Round your intermediate liculations to 2 decimal places.)
