Required information M7-7 to M7-9 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, Units Unit Cost Unit Selling Price 275 July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory (100) $14 230 M7.7 Calculating Cost of Goods Available for Sale. Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO (LO 7-3) Calculate cost of goods available for sale and ending inventory, then sales cost of goods sold and gross profit under FIFO. Assume a periodic inventory system is used (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar mount: FIFO (Potlodie Next > p uit amount.) Luty system is useu. (Rouna "cost per Unit" to 2 decimal places and your final answers to neare FIFO (Periodic) Units Cost per Unit Total Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from July 13 Purchase Units from Beginning Inventory Total Cost of Goods Sold Ending Inventory FIFO (Periodic) Sales Cost of Goods Sold Gross Profit 2 3 of 6 Next > LIFO (Periodic) Cost per Units COS Unit Total | $ Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold I Total Cost of Goods Sold Ending Inventory LIFO (Periodic) Sales Cost of Goods Sold Gross Profit Prey 22 ON M7-9 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] Calculate cost of goods available for sale and ending inventory, then 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 nearest whole dollar amount.) Weighted Average (Periodic) Units Cost per Unit Total Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory Weighted Average Periodic) Sales Cost of Goods Sold Gross Profit