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The following are the transactions for the month of July. Unit Selling Price July 1 July 13 July 25 Duly 31 Units Unit cost 53

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The following are the transactions for the month of July. Unit Selling Price July 1 July 13 July 25 Duly 31 Units Unit cost 53 $10 13 (100) 218 Beginning Inventory Purchase Sold Ending Inventory 265 $15 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 Unlt" to 2 decimal places and your final answers to nearest whole dollar amount.) FIFO Periodic) Units Total Cost per Unit $10.00 53 $ 530 200 5 13.00 3.445 3.975 Beginning inventory Purchases uly 13 Goods Available for Sale Cost of Good Sod URLs from Beginning inventory Units from July 13 Purchase Tota Dost of Goods Soid Ending inventory $ 53 265 10.00 13.00 5 3.976 FIF. Periodici Sa Cost of Goods Sold o not 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 Unlt" to 2 decimal places and your final answers to nearest whole dollar amount.) IFO Periodice Units Cost per Unit Total 5 0 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold 0 0 Total Cost of Goods Sold Ending Inventory LIFO Periodic Sales Cost of Goods Sold Gross Pro Calculate cost of goods available for sale and ending Inventory, then sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic Inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) Weighted Average (Periodic) Units Cost per Unit Total $ 0 0 Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory Weighted Average Periodic) Sales Cost of Goods Sold Gross Profit

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