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. M7-7 (Algo) Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO [LO 7-3] Required: a. Calculate cost of goods avallable for sale artd ending inventory under FIFO. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Calculate cost of goods available for sale and ending inventory under fIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. M7-7 (Algo) Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold and Gross Profit under Periodic FIFO [LO 7-3] Required: a. Calculate cost of goods avafiable for sale and ending inventory under FIFO. Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used