Cost Flow Methods The following three identical units of Item JC07 are purchased during April: Item Beta Units Cost April 2 Purchase 1 $229 April 15 Purchase 1 230 April 20 Purchase 1 231 $690 3 Total $230 Average cost per unit ($690 3 units) Assume that one unit is sold on April 27 for $313. 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. Ending Inventory Gross Profit 461 a. First-in, first-out (FIFO) $ 459 b. Last-in, first-out (LIFO) 460 C. Weighted average cost X