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Required information [The following information applies to the questions displayed below.) The following are the transactions for the month of July. Unit Selling Price Units

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Required information [The following information applies to the questions displayed below.) The following are the transactions for the month of July. Unit Selling Price Units July 1 Beginning 50 Inventory July 13 Purchase 250 July 25 Sold (100) July 31 Ending Inventory 200 Unit Cost $10 13 $15 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 amount.) FIFO (Periodic). Units Cost per Unit Total | $ 0 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory FIFO (Periodic). Sales Cost of Goods Sold Gross Profit

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