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 Units Unit Cost Price July 1 Beginning Inventory $ 10 July 13 Purchase 225 13 July 25 Sold (100) $ 15 July 31 Ending Inventory 45 170 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 Gost per Unit Total $ 0 Weighted Average (Periodic) Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory 0 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 Units Unit Cost Price July 1 Beginning Inventory July 13 Purchase July 25 Sold (100) $ 15 July 31 Ending Inventory 45 225 $ 10 13 170 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 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.)