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 Unit cost $ 10 11 July 1 July 13 July 25 July 11 Units 43 215 (100) 158 Beginning Inventory Purchase Sold Ending Inventory $14 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 cost of goods available for sale and ending inventory under LIFO. Assume Units Total Cost per Unit $ 10S 43 430 215$ LIFO (Periodic) Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from July 13 Purchase Units from July 13 Purchase Total Cost of Goods Sold Ending Inventory 11$ 2,365 $ 2,795 x 43 X $ 57 X $ 10 11 $ 1,057 $ 1,7381x Required Required B > S O 70 3 6 & 7 W 8 E R. U 5 D F. G