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) 260 units at $7 on January 1. (2) 470 units at $8 on January 8 , and (3) 7/ units at $9 on January 29. ssuming 950 units are on hand at the end of the month. calculate the cost of goods available for sale, ending inventory. nd cost of goods sold under LIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal laces.)