Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Re" Required information [The following information applies to the questions displayed below.) The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory July 13 Purchase 250 13 July 25 Sold (100) July 31 Ending Inventory 50 $10 $15 200 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) 5 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 1 of 3 Fio Periodic Total Cost Unita por Unit 50 $ 10.00 $ 500 250$ 13.00 3,250 3,750 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 > 50 250 $ 10.00 $ 13.00 3,750 $ 2003 FIFO (Periodic) $ 1,500 Sales Cost of Goods Sold Gross Profit 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.) E9 Perlede) Cost per Unit Total 50 $ 10.00 $ 500 250 $ 13.00 3,250 3,750 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 50 $ 10.00 250 $ 13.00 3,750 200 $ $ 1,500 FIFO (Periodic) Sales Cost of Goods Sold Gross Profit 6 7 8 of 11