Required information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Beginning Inventory Purchase Ending Inventory 41 205 Units Unit Cost $10 Unit Selling Price: 12 (100) 146 $16 July 1 July 13 July 25 July 31 Sold 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 Beginning Inventory 41 $10.00 $ 410 Purchases July 13 205 $ 12.00 2,460 Goods Available for Sale 2,870 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) Cost per Units Total Unit Beginning Inventory 41 $ 10.00 $ 410 Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase 41 $ 10.00 205 $ 12.00 205 $ 12.00 2,460 2,870 Total Cost of Goods Sold Ending Inventory FIFO (Periodic) Salos Cost of Goods Sold Gross Profit 2,870 S Next > LIFO (Periodic) Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory LIFO (Periodic) Sales Cost of Goods Sold Gross Profit Units Cost per Unit Total S Proy Weighted Average (Periodic) Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory Weighted Average (Periodic) Sales Cost of Goods Sold Gross Profit Cost per Units Total Unit