Required information [The following information applies to the questions displayed below.] The following are the transactions for the month of July. Unit Cost Unit Selling Price July 1 July 13 Beginning Inventory Purchase Units 50 250 $ 10 13 July 25 Sold (100) $15 July 31 Ending Inventory 200 Required: a. Calculate cost of goods available for sale and ending inventory under FIFO, Assume a periodic inventory system is used. b. Calculate sales, cost of goods sold, and gross prpfit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Required A Required B Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. FIFO (Periodic) Sales Cost of Goods Sold Gross Profit 3 8 9 Next >