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Required Information

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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: $(1)200$ units at $$7$ on January $1,(2)500$ units at $$8$ on

January $8,$ and $(3)800$ units at $$9$ on January $29.$

Assuming $975$ 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

Unit" to $2$ decimal places.$)$