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Required information

M$7-20$ through $22($Algo$)($Supplement $7$A$)$ Calculating Cost of Goods Sold and Ending Inventory under Perpetual FIFO, LIFO, and Weighted Average Cost $[$LO $7-$S$1]$

$[$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:

$300$ units at $$6$ on January $1,$

$450$ units at $$9$ on January $8,$ and

$780$ units at $$10$ on January $29.$

Assume $930$ units are on hand at the end of the month.

M$7-21($Algo$)($Supplement $7$A$)$ Calculating Cost of Goods Sold and Ending Inventory under Perpetual LIFO $[$LO $7-$S$1]$

Required:

Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the LIFO. Assume perpetual inventory system and sold $600$ units between January $9$ and January $28.$

Note: Round your intermediate calculations to $2$ decimal places.

$\backslash$table$[[,$LIFO$],[$Goods Available for Sale,$],[$Cost of Goods Sold,$],[$Ending Inventory,$]]$