Required information [The following Information applies to the questions displayed below.) In its first month...
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Required information [The following Information applies to the questions displayed below.) In its first month of operations, Literacy for the literate opened a new bookstore and bought merchandise in the following order (1) 150 units at $8 on January 1 (2) 530 units at $9 on January 8, and (3) 830 units at $11 on January 29, Assuming 1020 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 FIFO. Assume a periodic Inventory system is used. (Round "Cost per Unit" to 2 decimal places.) FIFO $ 15,100 Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold
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