Required information (The following information applies to the questions displayed below. The following are the transactions for the month of July. Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory Units Unit Cost 47 $10 235 12 (100) 182 $16 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under LIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) LIFO (Periodic) Cost Units per Total Unit 47 $ 10.00 $ 470 235 $ 12.00 2,820 3,290 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from July 13 Purchase Units from Beginning Inventory Total Cost of Goods Sold Ending Inventory 135 X $ 12.00 47 $ 10.00 2,090 $ 2,184 x LIFO (Periodic) Sales $ 1,600 Cost of Goods Sold (1,200) Gross Profit $ 400 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted