Required information [The following information applies to the questions displayed below.) The following are the transactions for the month of July, July 1 Beginning Inventory Units Unit Cost Unit Selling Price 49 $10 July 13 Purchase 245 11 July 25 Sold (100) July 31 Ending Inventory 194 $14 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a perlodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) FIFO (Periodic) Cost per Units Total Unit 49 $ 10.00 $ 490 Beginning Inventory Purchases 245 $ 11.00 2,695 July 13 Goods Available for Sale 3,185 Cost of Goods Sold 49 $ 10.00 $ 12.00 Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Sold Ending Inventory 490 FIFO (Periodic) Sales Cost of Goods Sold Gross Profit