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Required information [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: (1) 220 units at $6 on January 1, (2) 640 units at $7 on January 8, and (3) 940 units at $8 on January 29. Assuming 1,185 units are on hand at the end of the month, calculate the cost of goods available for sale, ending nventory, and cost of goods sold under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.) Required information [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: (1) 220 units at $6 on January 1, (2) 640 units at $7 on January 8, and (3) 940 units at $8 on January 29. Assuming 1,185 units are on hand at the end of the month, calculate the cost of goods available for sale, ending nventory, and cost of goods sold under weighted average cost flow assumptions. Assume a periodic inventory system s used. (Round "Cost per Unit" to 2 decimal places.) Required information [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: (1) 220 units at $6 on January 1, (2) 640 units at \$7 on January 8, and (3) 940 units at $8 on January 29. ssuming 1,185 units are on hand at the end of the month, calculate the cost of goods available for sale, ending iventory, and cost of goods sold under LIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 ecimal places.)

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