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! Required information (The following information applies to the questions displayed below.) 2 The following are the transactions for the month of July. Unit Selling

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! Required information (The following information applies to the questions displayed below.) 2 The following are the transactions for the month of July. Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory Units Unit Cost 48 $ 10 240 13 (100) 188 $ 15 es Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross pre periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to ne amount.) FIFO (Periodic) Units Total Cost per Unit $ 10.00 48 480 240 $ 13.00 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Sold 3,120 3,600 48 $ 10.00 $ 13.00 240 3,600 S FIFO (Periodic) Sales Cost of Goods Sold Gross Profit

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