Required information The following Information applies to the questions displayed below) The following are the transactions for the month of July Unit Unit Cost Unit selling price July 1 Beginning Inventory July 13 Purchase 300 July 25 Soid (100) $16 July 31 Ending Inventory 260 $10 12 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) Beginning inventory Purchases Goods Available for Sale CA Units Cost per Unit Total 601 5 10.00 $ 600 3001 s 12.00 3,600 4.200 ! Required information nearest whole dollar amount.) - Weighted Average (Periodic) Units Total 60 Cost per Unit $ 10.00 $ 12.00 $ 600 300 Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory 3,600 4,200 0 es Weighted Average (Periodic) Sales Cost of Goods Sold Gross Profit