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 55 Unit Cost $10 Unit Selling Price 275 11 July 25 July 31 Sold (100) $ 14 Ending Inventory 230 Required: a. Calculate cost of goods available for sale and ending inventory under LIFO. Assume a periodic inventory system is used. b. 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 Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory Units Cost per Unit Total Required A Required B >