t a Show Me How st Flow Methods ree identical units of Item 3007 are purchesed curing July, as shown below. tem 1007 Units Cost uy 9 uly 17 uly 26 Purchase Purchase Purchase 1$244 247 250 $74 Average cost per unit Assume that one unit is soid on July 31 for $358. Determine the gross profit tor July and ending inventory on July 31 using the (a) nrst-in 247 (741+3 units) , first out (ro); (b) last-in, nrst-out (uro; and (c) weignted average cost metnods Gross Proft Ending Inventory a. First-in, first-out (FLFO b. Last-in, fest out (LIFO) Weighted average cost t a Show Me How st Flow Methods ree identical units of Item 3007 are purchesed curing July, as shown below. tem 1007 Units Cost uy 9 uly 17 uly 26 Purchase Purchase Purchase 1$244 247 250 $74 Average cost per unit Assume that one unit is soid on July 31 for $358. Determine the gross profit tor July and ending inventory on July 31 using the (a) nrst-in 247 (741+3 units) , first out (ro); (b) last-in, nrst-out (uro; and (c) weignted average cost metnods Gross Proft Ending Inventory a. First-in, first-out (FLFO b. Last-in, fest out (LIFO) Weighted average cost