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The following are the transactions for the month of July Unit Units Unit Cost Selling Price 5511 July 1 Beginning Inventory July 13 Purchase July

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The following are the transactions for the month of July Unit Units Unit Cost Selling Price 5511 July 1 Beginning Inventory July 13 Purchase July 25 Sold 55$10 (100) $14 July 31 Ending Inventory 230 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 ElEO (Periodic) Units Cost per Unit Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory FIFO (Periodic) Sales Cost of Goods Sold Gross Profit

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