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6 8 D TEST C Three identical units of merchandise were purchased during July, as follows: Cost $30.00 33.00 36.00 $99.00 933.00 Units Product T Purchase purchase Date July 3 24 Total Average cost per unit Assume one unit sells on July 28 for $47.00. Determine the gross profit, cost of merchandise sold, and ending inventory on July 31 using the (a) first average cost flow methods. -in, first-out, (b) last-in, first-ou Cost of Merchandise Sold Ending Inventory Gross Profit a) First-in, first-out b) Last-in, first-out c) Average 1GO PreviouS