Required information M7-11 to 13 (Static) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] [The following information applies 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) 300 units at $7 on January 1, (2) 450 units at $8 on January 8, and (3) 750 units at $9 on January 29. 17-11 (Static) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory inder Periodic FIFO [LO 7-3] equired: ssuming 900 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.) Required information M7-11 to 13 (Static) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] [The following information applies 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) 300 units at $7 on January 1, (2) 450 units at $8 on January 8 , and (3) 750 units at $9 on January 29. 17-11 (Static) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory nder Periodic FIFO [LO 7-3] equired: ssuming 900 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.) Required information M7-11 to 13 (Static) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] [The following information applies 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) 300 units at $7 on January 1, (2) 450 units at $8 on January 8 , and (3) 750 units at $9 on January 29. 17-12 (Static) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory nder Periodic LIFO [LO 7-3] ssuming 900 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 LIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.)
