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The following are the transactions for the month of July.

Units Unit Cost Unit Selling Price

July $1$ Beginning Inventory $44$ $ $10$

July $13$ Purchase $22012$

July $25$ Sold $(100)$ $ $16$

July $31$ Ending Inventory $164$

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.