Part 1 of 3 .5 oints eBook Print References 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 Beginning Inventory Unita 54 270 Unit Cost $ 10 12 July 13 Purchase July 25 Sold (100) $ 16 July 31 Ending Inventory 224 Required: a. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Required A Required B Calculate salee met of nonds enld and nmes profit under FIFO Assuma a neriodic inventory system ic cad You received partial credit in the previous attempt. Required information b. Calculate Sales, cost of yoous soiu, and gross prom, under Firo. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Required A Required B Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. FIFO (Periodic) Sales Cost of Goods Sold Gross Profit