M7-6 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] The following are the transactions for the month of Julty. Unit Units Unit Cost Selling Pricae July 1 Beginning Inventory 44 $10 Juty 13 Purchase July 25 Sold 220 (100 12 $16 July 31 Ending Inventory164 Calculate cost of goods available for sale and ending inventory then sales, cost of goods sold, and gross prott, under (a} FIFO. ( L IFO and (c) weignted average cost Assume a periodic inventory systems used. (Round "Cost per Unit to 2 decimal places and your final answers to nearest whole dollar amount.)