Required information M7-7 to M7-9 (Algo) Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO, LIFO, and Weighted Average Cost (LO 7-3) (The following information applies to the questions displayed below) The following are the transactions for the month of July. Unit Selling Price July 1 July 13 July 25 July 31 Deginning Inventory Purchase Sold Ending Inventory Units 59 295 (100) 254 Unit Cost $ 10 13 $ 15 M7-8 (Algo) Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic LIFO (LO 7-3) Required: a. Calculate cost of goods available for sale and ending Inventory under LIFO. Assume a periodic inventory system is used, b. Calculate sales, cost of goods sold, and gross profit under LIFO. Assume a periodic inventory system is used Complete this question by entering your answers in the tabs below. Required Requiredo Calculate cost of goods available for sale and ending Inventory under uro. Assume a periodic Inventory system is used M7-8 (Algo) Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic LIFO [LO 7-3) Required: a. Calculate cost of goods available for sale and ending inventory under LIFO. Assume a periodic inventory system is used, b. Calculate sales, cost of goods sold, and gross profit, under LIFO. Assume o periodic Inventory system is used. Complete this question by entering your answers in the tabs below. Required A Required B Calculate cost of goods available for sale and ending inventory under UFO. Assume a periodic Inventory system is used. LEO. (Periodic) Units Cost per Total Unit Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory Required Required 8 > M7-8 (Algo) Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic LIFO [LO 7-3] Required: a. Calculate cost of goods available for sale and ending inventory under LIFO. Assume a periodic Inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under LIFO. Assume a periodic Inventory system is used. Complete this question by entering your answers in the tabs below. Required A Required B Calculate tales, cost of goods sold, and gross profit, under LIFO Assume a periodic Inventory system is used. LIFO.Periodic Sales Cost of Goods Sold Gross Profit