Question: help Solve for the missing information designated by ? in the following table. (Use 365 days in a year. Round the inventory turnover ratio to

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Solve for the missing information designated by ?" in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.) Case Beginning Inventory Purchases Cost of Goods Sold Ending Inventory $ 100 Inventory Turnover Ratio Days to Sell a. $ 240 $ 880 $ 1,020 1.5 b. $ 230 $ 1,760 8.8 $ 1,560 C. 80 $ 23.4 Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July Unit Cost $ 25 July 1 July 5 July 13 July 17 July 25 July 27 27 Units 2,000 1,000 6,000 3,000 8,000 5,000 Beginning Inventory Sola Purchased Sold Purchased Sold 29 Calculate the cost of goods available for sale, ending nventory, and cost of goods sold if Aircard uses (a) FIFO, (b) LIFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.) FIFO LIFO Weighted Average Cost Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold
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