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i need both answers Three identical units of ttem K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 116417

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Three identical units of ttem K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 116417 Purchase 117926 Purchase 1 186 Assume that one unit is sold on July 31 for $245. Determine the gross profit for July using the average cost method. (Round to nearest full dollar). Question 7 Beginning inventory, purchases, and sales for Item CSW15 are as follows: August 1 Inventory 109159 Sale 9516 Purchase 126.22.25 Sale 77 Assuming a perpetual inventory system and using the first-in, first-out (FiFO) method, determine the Cost of Merchandise Sold in August

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