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The following are the transactions for the month of July. Units Unit Cost Unit SellingPrice July 1 Beginning Inventory 41 $ 10 July 13 Purchase

The following are the transactions for the month of July.

Units Unit Cost Unit SellingPrice
July 1 Beginning Inventory 41 $ 10
July 13 Purchase 205 12
July 25 Sold ( 100 ) $ 16
July 31 Ending Inventory 146

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 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.)

(a) FIFO

(b) LIFO

(c) Weighted Average Cost

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