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he following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory 55 $ 10 July 13

he following are the transactions for the month of July.

Units Unit Cost Unit Selling Price
July 1 Beginning Inventory 55 $ 10
July 13 Purchase 275 11
July 25 Sold ( 100 ) $ 14

July 31 Ending Inventory 230

Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under (a) FIFO, (b) LIFO, and (c) weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.)

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