Assuming tinat tine penodic inventory metnod is used, compute the inventory cost at July 31 under each or tne rollowing cost mow assumptions. (Round answers to 0 decimal places, e.g. 6,578.) (1) FIFO (2) LIFO. (3) Weighted-average. (1) (2) (3) Weighted-Ave FIFO LIFO Ending inventory at July 31. Which of the methods used above will yield the lowest figure for gross profit for the income statement? method will yield the lowest gross profit. Which of the methods used above will yield the lowest figure for ending inventory for the balance sheet method will yield the lowest ending inventory. Click if you would like to Show Work for this question Open Show Work