The following are the transactions for the month of July.

		Units			Unit Cost			Unit Selling Price
July 1	Beginning Inventory		46		$	10
July 13	Purchase		230			11
July 25	Sold	(	100	)				$	14
July 31	Ending Inventory		176

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

FIFO (Periodic)
	Units	Cost per Unit	Total
Beginning Inventory			$0
Purchases
July 13			0
Goods Available for Sale
Cost of Goods Sold
Total Cost of Goods Sold			0
Ending Inventory
FIFO (Periodic)
Sales
Cost of Goods Sold
Gross Profit

(b)

LIFO

LIFO (Periodic)
	Units	Cost per Unit	Total
Beginning Inventory			$0
Purchases
July 13			0
Goods Available for Sale
Cost of Goods Sold
Total Cost of Goods Sold			0
Ending Inventory
LIFO (Periodic)
Sales
Cost of Goods Sold
Gross Profit

(c)

Weighted Average Cost

Weighted Average (Periodic)
	Units	Cost per Unit	Total
Beginning Inventory			$0
Purchases			0
Goods Available for Sale
Cost of Goods Sold			0
Ending Inventory
Weighted Average (Periodic)
Sales
Cost of Goods Sold
Gross Profit