and Gross Profit under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] [The following information applies to the questions displayed below The following are the transactions for the month of July 2 o1 3 it selling Price $16 13 uly 1 uly 13 uly 25 Duly 31 Beginning Inventory Purchase Sold Ending Inventory 45 225 (169) $15 ts ebook M7-8 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Pi Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under LIFO. Assume a References amount.) Gross Profit under Periodic LIFO [LO 7-3] Print periodic inventory system is used. (Round "Cost per Unit'to 2 decimal places and your final answers to nearest whole dollar LIFQ.(Beriodic) Units Cost per Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory EO (Periodic Sales Cost of Goods Sold Gross Proft