The following are the transactions for the month of July. 1 Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory Units Unit Cost 56 $10 280 13 (100) 236 $15 Part 1 of 3 12 points 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.) eBook FIFO (Periodic) Units Cost per Total Unit 56 $ 10.00 $ 560 Print 280 $ 13.00 3,640 4,200 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Sold Ending Inventory 56 $ 280 $ 10.00 13.00 4.200 FIFO (Periodic) Sales Cost of Goods Sold Gross Profit 4,200 The following are the transactions for the month of July. Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory Units Unit Cost 56 $10 280 13 (100) $15 236 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under LIFO. Ass periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) LIFO (Periodic) Units Total Cost per Unit $ 10.00 56 $ 560 Beginning Inventory Purchases July 13 Goods Available for Sale 280 $ 13.00 3,640 4,200 Cost of Goods Sold Units from July 13 Purchase Total Cost of Goods Sold 0 Ending Inventory LIFO (Periodic) Sales Cost of Goods Sold Gross Profit