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Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO, Assume periodic inventory system

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Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO, Assume periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) Answer is not complete. FIFO (Periodic) Cost Units por Total Unit 54 S 10.00 $ 540 270 $ 12.00 3.240 3.740 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Sold Ending Inventory 0 FIFO (Periodic) Sales Cost of Goods Sold Gross Profit Required information [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 31 270 Unita Unit Cost 54 $10 12 (100) 224 Beginning Inventory Purchase Sold Ending Inventory $16

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