Presented below is information related to Blowfish radios for the Oriole Company for the month of July. Units Sold Selling Price Total Total $ 780 6,400 600 $7.00 7.30 $4.200 4380 600 3.440 Date Transaction Units In Unit Cost July 1 Balance 200 $3.90 6 Purchase 1.600 4.00 7 Sale 10 Sale 12 Purchase 800 4.30 15 Sale 18 Purchase 22 Sale 25 Purchase 1.000 4.38 30 Sale Totals 4.200 400 7.40 2,960 800 2.640 800 7.40 5.920 4380 400 7.50 $17.640 2.800 3.000 $20,460 Calculate average cost per unit (Round answer to 2 decimal places, es 2.76) Weighted average costs 6,578) Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to decimal places, (1) FIFO (2) LIFO (3) Weighted average. FIFO LIFO Weighted Average Ending Inventory at July 31 $ d zuma proces, eg. 2.76.) Weighted average cost $ Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assume (1) FIFO (2) LIFO. (3) Weighted-average. (1) FIFO FIFO LIFO Weighted Average Ending Inventory at July 31 $ Which of the methods used above will yield the lowest figure for gross profit for the income statement? method will yield the lowest gross profit. Which of the methods used above will yield the lowest figure for ending inventory for the balance sheet? method will yield the lowest ending inventory