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 13 July 1 July 13 July 25 July 31 Units 59 295 (100) 254 Beginning Inventory Purchase Sold Ending Inventory $ 15 M7-9 (Algo) Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic Weighted Average Cost [LO 7-3] Required: a. Calculate cost of goods available for sale and ending inventory under weighted average cost. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under weighted average cost. 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 weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) Weighted Average (Periodic) Total Units Cost per Unit 59 $ 10.00 $ 590 $ 0 Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold 0 Ending Inventory 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 13 July 1 July 13 July 25 July 31 Units 59 295 (100) 254 Beginning Inventory Purchase Sold Ending Inventory $ 15 M7-9 (Algo) Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic Weighted Average Cost [LO 7-3] Required: a. Calculate cost of goods available for sale and ending inventory under weighted average cost. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Required A Required B Calculate sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to the nearest whole dollar amount.) Weighted Average (Periodic) Sales Cost of Goods Sold Gross Profit