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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 following order: (1) 340 units at $10 on January 1, (2) 580 units at $11 on January 8 , and (3) 880 units at $12 on January 29. ssuming 1,090 units are on hand at the end of the month, calculate the cost of goods available for sale, ending inventory; and cost of pods sold under FIFO. Assume a periodic inventory systtem is used. (Round "Cost per Unit" to 2 decimal places.)

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