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The following are the transactions for the month of July. Unit Selling Price 46 July 1 July 13 July 25 July 31 11 Units Unit

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The following are the transactions for the month of July. Unit Selling Price 46 July 1 July 13 July 25 July 31 11 Units Unit Cost $10 230 (100) 176 Beginning Inventory Purchase Sold Ending Inventory $14 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) Units Cost per Total Unit Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory FIFO (Periodic) Sales Cost of Goods Sold Gross Profit

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