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 12 July 1 July 13 July 25 July 31 Units 54 270 (180) 224 Beginning Inventory Purchase Sold Ending Inventory $ 16 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.) Units Cost per Unit Total Weighted Average_(Periodic) Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold 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 12 July 1 July 13 July 25 July 31 Units 54 278 (180) 224 Beginning Inventory Purchase Sold Ending Inventory $ 16 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