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Required information [The following information applies to the questions displayed below.] In its first month of operations, Literacy for the Iliterate 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 Iliterate opened a new bookstore and bought merchandise in the following order: (1) 320 units at $6 on January 1. (2) 540 units at $7 on January 8, and (3) 840 units at $9 on January 29. Assuming 1,035 units are on hand ot 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.) Answer is complete but not entirely correct

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