Required information [The following information applies to the questions displayed below] In its first month of operations, Literacy for the literate opened a new bookstore and bought merchandise in the following order (1) 220 units at $6 on January 1, (2) 490 units at $7 on January 8, and (3) 790 units at $8 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 cost of goods sold under FIFO, Assume a periodic inventory system is used (Round "Cost per Unit" to 2 decimal places.) FIFO $ 11.070 Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold Required information [The following information applies to the questions displayed below) In its first month of operations. Literacy for the literate opened a new bookstore and bought merchandise in the following order. (1) 220 units at $6 on January 1 (2) 490 units at $7 on January 8, and (3) 790 units at $8 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 cost of goods sold under LIFO. Assume a periodic inventory system is used (Round "Cost per Unit" to 2 decimal places.) LIFO 5111,070 Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold Required information [The following information applies to the questions displayed below) In its first month of operations, Literacy for the literate opened a new bookstore and bought merchandise in the following order (1) 220 units at 6 on January 1 (2) 490 units at $7 on January 8, and (3) 790 units at $8 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 cost of goods sold under weighted average cost flow assumptions Assume a periodic inventory system is used (Round "Cost per Unit" to 2 decimal places.) Wolghted Average Cost 5 11.070 Cost of Goods Avwlable for alle Ending Inventory Cost of Good Sold