Question 2 of 2 > 8.25/25 III View Policies Show Attempt History Current Attempt in Progress Sandhill Co. had a beginning inventory balance on July 1 of 350 units at a cost of $3.00 each. During the month, the following inventory transactions took place Sales Date July 10 13 27 Purchases Cost per Units unit 1.410 $3.20 710 3.40 620 3.60 Date July 2 11 28 Units 260 1.030 470 Price per unit $5.80 5.80 6.50 (a) Your Answer Correct Answer Your answer is correct. 1153 AM (b) Your answer is partially correct. Assume Sandhill uses FIFO periodic Calculate the cost of ending inventory cost of the goods sold, and gross profit. Ending inventory $ 4646 Cost of goods sold $ Gross profit $ e Textbook and Media List of Accounts Save for Later Attempts: 3 of 5 used Submit Answer Assume Sunland uses FIFO perpetual. Calculate the cost of ending inventory, cost of goods sold, and gross profit. Ending inventory $ Cost of goods sold $ Gross profit $