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value: 2.85 points M7-7 Calculating cost of Goods Available for sale, Cost of Goods sold, and Ending Aircard Corporation tracksthe number ofunits purchased and sold throughout each accounting period but applies its inventory costing method atthe end ofeach period as a periodic inventory system. The following are the transactions for the month of July Units Unit Cost July 1 Beginning inventory 2,000 $45 July 5 Sold 1,000 49 July 13 Purchased 6,000 3,000 July 17 Sold 8,000 51 July 25 Purchased 5,000 July 27 Sold Calculate the cost of goods available for sale, ending inventory, and cost digoods sold if Aircard uses (a) FIFO, (b)LIFO, or (c) weighted average cost (Round "Cost per Unit'" to2 decimal places) Weighted LIFO Average cos FIFO Cost of Goods Available for Sale Ending inventory Cost of Goods Sold