FIFO (Periodic) Cost per Units Total Unit $ 10.00 $ 570 57 Beginning Inventory Purchases July 13 285 $ 12.00 3,420 Goods Available for Sale 3,990 Cost of Goods Sold 57 $ 10.00 Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Sold $ 12.00 570 Ending Inventory FIFO (Periodic) Sales Cost of Goods Sold Gross Profit ! Required information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory Units Unit Cost 57 $10 285 12 (100) 242 $16 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.)