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 54 $10 270 12 (100) 224 $16 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) FIFO (Periodic) Cost per Total Units Unit 54 $ 10.00 $ 540 270 $ 12.00 3,240 3,780 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Sold Ending Inventory 541 $ $ 10.00 12.00 540 FIFO (Periodic) Sales $ 1,600 Cost of Goods Sold Gross Profit