Required information [The following information applles 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) 220 units at $6 on January 1, (2) 490 units at $7 on January 8 , and (3) 790 units at $8 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, and cost of oods sold under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.)