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The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning inventory 120 $ 9 July 13

The following are the transactions for the month of July.

Units Unit
Cost
Unit Selling Price
July 1 Beginning inventory 120 $ 9
July 13 Purchase 550 12
July 25 Sold (200) $ 15

July 31 Ending inventory 470





Required:

Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under (a) FIFO, (b) LIFO, and (c) weighted average. Assume a periodic inventory system is used.(Input all amounts as positive values. Do not round Weighted average cost per unit. Round your final answers to the nearest dollar amount. Omit the "$" sign in your response.)


FIFO LIFO Weighted
average
Goods Available for Sale $ $ $
Ending Inventory
Sales
Cost of goods sold
Gross profit $ $ $
Need to see it worked out with numbers provided in this problem.

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