Cost Flow Methods The following three identical units of Item 1C07 are purchased during April: Item Beta Units Cost 1 $210 Purchase 1 212 214 April 2 April 15 April 20 Total Average cost per unit Assume that one unit is sold on April 27 for $293. 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. Purchase Purchase 3 $636 $212 ($636+3 units) Gross Profit Ending Inventory a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost