Activity Assignment #3 - Ch 7. 8, 9, and to Help Save & Exit Submit M7-20 to 22 (Algo) (Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under 2 Perpetual FIFO, LIFO, and Weighted Average Cost [LO 7-$1) In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 450 units at $4 on January 1, (2) 550 units at $6 on January 8, and (3) 860 units at $7 on January 29 Assume 960 units are on hand at the end of the month 1.87 points M7-20 (Algo) (Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under Perpetual FIFO (LO 7-S1] cBook Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the FIFO. Assume perpetual inventory system and sold 900 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.) FIFO Goods Available for Sale Cost of Goods Sold Ending Inventory 960 Mc Graw