Exercise 8-13 Presented below is information related to Blowfish radios for the Hootie Company for the month of July Date Transaction Units In Unit Cost Total Units Sold Selling Price Total July Balance 100 $4.10 $ 410 4.20 3,360 6 Purchase 800 7 Sale 10 Sale 12 Purchase 15 Sale 18 Purchase 22 Sale 25 Purchase 30 Sale 300 300 $7.00 % 2,100 7.30 2,190 400 4.50 1,800 200 7.40 1,480 300 4.60 1.380 400 7.40 2,960 500 4.58 2.290 200 7.50 1,500 Totals $9,240 ,400 2,100 $10,230 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 6,5/8.) (1) FIFO (2) LIFO. 3) Weighted-average. LIFO Weighted Average Ending Inventory at July 31 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