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Required information In its first month of operations, Literacy for the literate opened a new bookstore and bought merchandise in the following order (1) 200 units at $7 on January 1. (2) 300 units at $9 on January 8, and (3) 900 units at $10 on January 29. Assume 1.000 units are on hand at the end of the month. Calculate the cost of goods available for sale, cost of goods sold, and ending Inventory under the LIFO. Assume perpetual inventory system and sold 400 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.) LIFO 13.100 $ Goods Available for Sale Cost of Goods Sold Ending Inventory Required information In its first month of operations, Literacy for the literate opened a new bookstore and bought merchandise in the following order. (1) 200 units at $7 on January 1, (2) 300 units at $9 on January 8, and (3) 900 units at $10 on January 29. Assume 1,000 units are on hand at the end of the month Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the weighted average cost flow assumptions. Assume perpetual inventory system and sold 400 units between January 9 and January 28, (Round your intermediate calculations to 2 decimal places.) Weighted Average Cost Goods Available for Sale Cost of Goods Sold Ending Inventory Cox Corporation was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in millions) 450 2018 2017 Net Sales $4,600 $ 4,660 Cost of Goods Sold 3,500 3,390 Beginning Inventory 450 420 Ending Inventory 580 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2018 and 2017. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) 2018 Inventory Turnover Ratio Days to Sell Simes per year days 2017 times per year days