LUGLI IU lielli US The following three identical units of Item PX2T are purchased during April: Item Beta Units Cost April 2 April 15 Purchase Purchase Purchase 1 1 1 $256 258 260 April 20 Total 3 $774 Average cost per ($ 774 - 3 $258 unit units) Assume that one unit is sold on April 27 for $348. Determine the gross profit for April an (b) last-in, first-out (LIFO); and (c) weighted average cost method. a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) C. Weighted average cost Gross Profit Ending Inventory $ $ $