Presented below is information related to Blowfish radios for the Concord Company for the month of July. 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, es, 6,578.) (1) FIFO. (2) LIFO. (3) Average-cost. Which of the methods used above will yield the lowest figure for gross profit for the income statement? method will yield the lowest gross profi. Which of the methods used above wil yieid the lowest fogure for ending inventory for the balance sheet? method will vield the lowest ending inventory