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1 Required information M7-11 to 13(Algo) Calculating Cost of Goods Available for Sale, Cost...

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M7-11 to 13(Algo) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3]
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In its first month of operations, Literacy for the llliterate opened a new bookstore and bought merchandise in the following order: (1)460 units at $5 on January 1,(2)620 units at $6 on January 8, and (3)920 units at $7 on January 29.
M7-12(Algo) Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic LIFO [LO 7-3]
Assuming 1,200 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 LIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places.)
\table[[,LIFO],[Cost of Goods Available for Sale,],[Ending Inventory,],[Cost of Goods Sold,]]
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