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M7-6 Calculating Cost of Goods Available for sale, Ending Inventory, Sales, Co The following are the transactions for the month of July Unit Unit Units Cost Selling Price July 1 Beginning Inventory 40 $10 July 13 Purchase 200 11 July 25 Sold (100) 14 July 31 Ending Inventory 140 calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under (a) FiFO, LIFO, and weighted average a periodic inventory system used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) (a)FIFO FIEO (Periodic) Units cost per Total Beginning inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory FIEO (Periodic) Sales Cost of Goods Sold Gross Profit