2 Part 2 of 3 Required information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. 0.5 points July 1 July 13 Beginning Inventory Purchase July 25 July 31 Sold Units 60 300 (100) Unit Cost $ 10 Unit Selling Price 12 $ 16 Ending Inventory 260 eBook Print Required: a. Calculate cost of goods available for sale and ending inventory under LIFO. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under LIFO. Assume a periodic inventory system is used. References Complete this question by entering your answers in the tabs below. Required A Required B Calculate cost of goods available for sale and ending inventory under LIFO. Assume a periodic inventory system is used. LIFO (Periodic) Units Cost per Unit Total Beginning Inventory 60 $ 10 $ 600 Purchases July 13 300 $ 12 $ 3,600 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory $ 0 Required A Required B >