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Required information [The following information applies to the questions displayed below.] In its first month of operations, Literacy for the Illiterate opened a new bookstore

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Required information [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 follow order: (1) 240 units at $10 on January 1, (2) 480 units at $11 on January 8 , and (3) 780 units at $12 on January 29. Assuming 950 units are on hand at the end of the month, calculate the cost of goods available for sale, ending inventory, and goods sold under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.)

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