Required information (The following information applies to the questions displayed below) The following are the transactions for the month of July. Required: 1. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. . Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Calculate cost of goods avaliable for sale and ending inventory under fIFO. Assume a periodic inventory system is used. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used