Return to question 3 ! Required information [The following information applies to the questions displayed below.) Part 2 of 3 2.33 points In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 150 units at $7 on January 1, (2) 590 units at $8 on January 8, and (3) 890 units at $10 on January 29. Assume 1,110 units are on hand at the end of the month, calculate the cost of goods available for sale, ending inventory, and cost of goods sold under the LIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.) Answer is complete but not entirely correct. LIFO Cost of Goods Available for Sale $ 14,670 770 X Ending Inventory Cost of Goods Sold $ 13,900 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 $30 July 1 July 5 July 13 July 17 July 25 July 27 34 Units 2,500 1,500 6,500 3,500 8,500 5,500 Beginning Inventory Sold Purchased Sold Purchased Sold 36 Calculate the cost of goods available for sale, ending inventory, 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