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Required information [The following information applies to the questions displayed below.) The following are the transactions for the month of July. Units Unit Cost Unit

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Required information [The following information applies to the questions displayed below.) The following are the transactions for the month of July. Units Unit Cost Unit Selling Price Beginning Inventory July 1 $10 July 13 Purchase 205 12 July 25 (100) $16 July 31 Ending Inventory 146 41 Sold 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 per Units Unit Total $ $ 0 Beginning Inventory Purchases July 13 0 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Sold Ending Inventory 0 LIFO (Periodic) Sales Cost of Goods Sold Gross Profit

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