Transactions for the month of July for Shelly's Bookstore were as follows: July (a) 1 (balance) 8 22 Purchases 30 600 @ $7.3 1,200@ $7.40 700@ $7.60 250@ $7.75 Assuming that periodic inventory records are kept. July Your answer is correct. Sales $9.5 $9.75 25 800@ $10.00 3 350@ 12 900 @ Determine the ending inventory and cost of goods sold using FIFO method. (Round answers to 2 decimal places, e.g. 52.75.)

Determine the ending inventory and cost of goods sold using LIFO method. (Round answers to 2 decimol places, es. 52.75. ) Ending inventory Cost of goods sold Transactions for the month of July for Shelly's Bookstore were as follows: Assuming that periodic inventory records are kept. Determine the ending inventory and cost of goods sold using FIFO method, (Round answers to 2 decimol ploces, e.g. 52.75. ) Ending inventory Cost of goods sold Determine the ending inventory and cost of goods sold using average cost method. (Round overage cost per unit and finol answers to 2 decimal places, es 52.75.) Ending inventory Cost of goods sold