Presented below is information related to Blowfish radios for the Coronado Company for the month of July. Date Transaction Units In Unit Cost Total Units Sold Selling Price Total July 1 6 Balance Purchase Sale 120 960 $3.80 3.90 $ 456 3,744 7 360 360 $7.00 7.30 $ 2,520 2,628 10 Sale 12 480 4.20 2,016 15 240 7.40 1,776 360 4.30 1,548 Purchase Sale Purchase Sale Purchase Sale 480 7.40 18 22 25 30 3,552 600 4.28 2,568 240 7.50 1,800 $12,276 Totals 2,520 $10,332 1,680 Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 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 assumptions. (Round answers to 0 decimal places, e.g. 6,578.) (1) FIFO. (2) LIFO. (3) Weighted average. (1) (2) (3) 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