Cost Flow Methods The following three identical units of Item 113 are purchased during April: Item Beta Units Cost April 2 Purchase 1 $296 April 15 Purchase 1 300 April 20 Purchase 1 304 Total 3 Average cost per unit $900 $300 ($900 + 3 units) Assume that one unit is sold on April 27 for $372. Determine the gross profit for April and ending inventory on April 30 using the (a) first in, fest-out (FO): () stin, first-out (Uro); and (c) weighted average cost method. Gross Profit Ending Inventory a First-in, first-out (FIFO) b. Last-in, first-out (LIFO) Weighted average cost