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Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but...

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Accounting

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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 Units Unit Cost July 1 Beginning Inventory2,500 $40 July 5 Sold July 13 Purchased July 17 Sold July 25 Purchased July 27 Sold 1,500 6,50044 3,500 8,50046 5,500 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.) Answer is complete but not entirely correct. Weighted Average Cost FIFO LIFO Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold $ 777,000 $ 777,000 $ 777,000 322,000 280,000 316,330 365,000$ 407,000 3S 400,690

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