Exercise 8-13 Presented below is information related to Blowfish radios for the Wildhorse Company for the month of July. Date Transaction Units In Units Sold Selling Price Total July 1 180 Unit Cost $4.10 4.20 Total $ 738 6,048 6 1,440 540 540 $6.80 7.10 $ 3,672 3,834 720 4.50 3,240 12 15 18 Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Totals 360 7.20 2,592 540 540 4.60 2,484 720 7.20 5,184 900 4.58 900 25 30 4,122 360 7.30 3,780 3,780 2,628 $17,910 $16,632 6,632 2,52 2,520 Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to 0 decimal places, e.g. 6,578.) (1) FIFO. (2) LIFO. (3) Weighted average. (1) FIFO (2) LIFO (3) Weighted-Average Ending Inventory at July 31 LINK TO TEXT Which of the methods used above will yield the lowest figure for gross profit for the income statement? | method will yield the lowest gross profit. LINK TO TEXT Which of the methods used above will yield the lowest figure for ending inventory for the balance sheet? method will yield the lowest ending inventory