3. Determine the gross profit from sales for the period. 3 more Check My Work uses remaining. CH7HP Show Me How Print Item Check My Work 3 more Check My Work uses remaining. Assignment Score: 9.4% All work saved. FIFO Perpetual Inventory The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Required: two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column