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M7-10 (Algo) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending...

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M7-10 (Algo) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under FIFO, LIFO, and Weighted Average Cost (Periodic Inventory) [LO 7-3] 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. Calculate the cost of goods availoble for sale, ending inventory, and cost of goods sold if Aircard uses (b) FIFO, (b) LIFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.)

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