Cost Flow Methods The following three identical units of Item LO3V are purchased during April: Item Beta Units Cost 1 $212 April 2 April 15 April 20 Purchase Purchase Purchase 1 214 1 216 Total 3 5642 Average cost per unit 5214 ($642 - 3 units) Assume that one unit is sold on April 27 for $263. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); 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 S