Required information [The following information applies to the questions displayed below.] In its fisst month of operations, Literacy for the lliterate 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) 770 units at $2 on January 29. Assuming 950 units are on hand at the end of the month, calculate the cost of goods avaiable for sale, ending inventory, and cost of goods sold under fifo Assume a penodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.) * Answer is complete but not entirely correct