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Requlred Information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. equlred: - Calculate cost
Requlred Information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. equlred: - Calculate cost of goods avallable for sale and ending inventory under FIFO. Assume a periodic inventory system is used. . Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a perlodic Inventory system Is used. Complete this question by entering your answers in the tabs below. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. Required Information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Requlred: a. Calculate cost of goods avallable for sale and ending inventory under FIFO. Assume a periodic Inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic Inventory system Is used. Complete this question by entering your answers in the tabs below. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Alrcard Corporation tracks the number of units purchased and sold throughout each accounting perlod but applies its Inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July. Calculate the cost of goods available for sale, ending inventory, and cost of goods sold If AIrcard uses (a) FIFO, (b) LIFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.)
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