Cost flow methods The following three identical units of Item P401C are purchased during April: Apr. 2 Apr. 15 Apr. 20 Total Average cost per unit ($516+3 units) Item Beta Units Cost Purchase 1 $171 Purchase 1 172 Purchase 1 173 3 $516 $172 Update Readog list Assume that one ure is sold on April 27 for $244. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, fest-out (LO); and (c) weighted average cost method. Gross Profit Ending Inventory a. First in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost