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! 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 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inven ry Units Unit Cost 47 $10 235 12 (100) 182 $16 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) LIFO (Periodic). Cost per Units Total Unit 47 $ 10.00 $ 470 Beginning Inventory Purchases July 13 235 $ 12.00 2,820 Goods Available for Sale Cost of Goods Sold Units from July 13 Purchase 31 $ 12.00 Total Cost of Goods Sold 372 Ending Inventory LIFO (Periodic) Sales Cost of Goods Sold Gross Profit