Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is used.

Required Information M7-7 to M7-9 Calculating Cost of Goods Avallable for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO, LIFO, and Welghted Average Cost [LO 7-3) [The following information applies to the questions displayed below.) The following are the transactions for the month of July. Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory Units Unit Cost 54 $10 270 12 (100) 224 $16 M7-9 Calculating Cost of Goods Avallable for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic Welghted Average Cost (LO 7-3] Calculate cost of goods available for sale and ending Inventory, then sales, cost of goods sold, and gross profit, under weighted average cost Assume a periodic Inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) Weighted Average (Periodic) Cost per Units Total Unit 5 0 0 Beginning Inventory Purc Goods Available for Sale Cost of Goods Sold Ending Inventory 0 Weighted Average (Periodic) Sales Cost of Goods Sold Gross Profit