Exercise 8-13 Presented below is information related to Blowfish radios for the Waterway Company for the month of July. Units Sold Selling Price Total Unit Cost Total Date Transaction Units In $ 760 6,232 190 $4.00 July 1 Balance 6 urchase 1,520 4.10 570 $6.90 $3,933 4,104 7 Sale Sale Purchase 7.20 10 570 760 4.40 3,344 12 7.30 2,774 15 Sale 380 Purchase 4.50 18 570 2,565 5,548 22 Sale 760 7.30 4.48 25 Purchiase 950 4,256 Sale 380 7.40 2,812 30 $19,171 3,990 $17,157 2,660 Totals x Your answer is incorrect. Try again. Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost TNK TO TEYT Your answer is partially correct. Try again. Assuming that the periodic inventory method is used, compute the inventory cost at July 31 undr each of the following cost flow assumptions. (Round answers to 0 decimal (1) FIFO (2) UFO. (3) Weighted-average. (3) Weighted Average (2) (1) FIFO 5719 Ending Inventory at July 31 5966 LINK TO TEXT Your answer is incorrect. Try again Which of the methods used above will yield the lowest figure for gross profit for the income statement? Weighted average method will yield the lowest gross profit