The beginning inventory of screws on Jan 1 was 1,000 units at $20.00. Inventory on hand was 800 units. Following transactions took place during the month are as follows: Jan 10 purchased 500units @...

The beginning inventory of screws on Jan 1 was 1,000 units at $20.00. Inventory on hand was 800 units. Following
transactions took place during the month are as follows:
Jan 10 purchased 500units @ $22.40 each
Jan 20 Purchased 600 units@ 23.30 each
The company uses the periodic inventory method.
Required:
a. Compute the cost of goods available for sale for the month of January.
b. Compute the cost of goods sold and ending inventory for the month of Jan using
Average cost basis .
c. Compute the cost of goods sold and ending inventory for the month of Jan using
FIFO