Assume Minnie & Daisy's Warehouse Limited began July 2020 with 100 units of inventory that cost $15 each. During July, the store completed the following inventory purchases. # of Units Unit cost July 3 Purchase 80 15.5 July 11 Purchase 50 16 July 20 Purchase 20 17 On July 25 the company sold 220 units for $40 each. Required: A. Compute ending inventory and cost of goods sold for July 2020 under both FIFO & weighted average cost, using the periodic inventory system. B. Calculate the gross profit for Minnie & Daisy's Warehouse Limited for July 2020 assuming they are using FIFO for calculating the cost of inventory