Cost Flow Methods The following three identical units of Item K113 are purchased during April: Item K113 Units Cost April 2 Purchase 1 $193 April 14 Purchase 1 197 April 28 Purchase 1 201 Total 3 $591 Average cost per unit $197 ($591 + 3 units) Assume that one unit is sold on April 30 for $268. Determine the gross profit for April and ending inventory on April 30 using the (a) first in, first-out (FIFOX (b) last-in, first-out (LIFO); and (c) weighted average cost methods. Gross Profit a. First in, first-out (FIFO) b. Last-In, first-out (LIFO1 $ $ c. Weighted average cost s Check My Work 1 more Check My Work uses en Next 9:00 PM 5/31/2020