The beginning inventory was 370 units at a cost of $13 per unit. Goods available for sale during the year were 1,510 units at a total cost of $21,240. In May, 670 units were purchased at a total cost of $9,380. The only other purchase transaction occurred during October. Ending inventory was 655 units.

The beginning inventory was 370 units at a cost of $13 per unit. Goods available for sale during the year were 1,510 units at a total cost of $21,240. In May, 670 units were purchased at a total cost of $9,380. The only other purchase transaction occurred during October, Ending inventory was 655 units. Required: a. Calculate the number of units purchased in October and the cost per unit purchased in October. Purchased in October Number of units 470 Cost per unit $ 15 b-1. Assume the periodic inventory system is used. Calculate cost of goods sold and ending Inventory using FIFO method. (Enter all values as a positive value.) Periodic FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods # of Cost per Available for units unit Sale $ 0 # of units sold Cost per Cost of Goods Sold Inventory Balance # of units in Ending ending Inventory inventory Cost per unit unit Beg. Inventory Purchases: May 0 October 0 0 Total 0 $ 0 $ $ 0 0 0 S 0 b-2. Assume the periodic inventory system is used. Calculate cost of goods sold and ending inventory using LIFO method. (Enter all values as a positive value.) Periodic LIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods # of Cost per Available for units unit Sale $ 0 Cost per # of units sold Cost per unit Inventory Balance # of units Ending in ending unit Inventory inventory Cost of Goods Sold Beg. Inventory Purchases: May O October 0 Total 0 0 0 $ 0 0