Required Information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. July 1 July 13 Beginning Inventory Purchase Units 56 Unit Cost $ 10 Unit Selling Price 280 13 July 25 Sold (100) $ 15 July 31 Ending Inventory 236 required: . Calculate cost of goods available for sale and ending Inventory under LIFO. Assume a periodic inventory system is used. . Calculate sales, cost of goods sold, and gross profit, under LIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Required A Required B Calculate cost of goods available for sale and ending inventory under LIFO. Assume a periodic inventory system is used. LIFO (Periodic) Beginning Inventory Units Cost per Unit Total 56 S 10 S 560 Purchases July 13 280 $ 13 S 3,640 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory 56 $ 10 Units from July 13 Purchase 280 $ 13 Total Cost of Goods Sold Ending Inventory S 4,200