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The following are the transactions for the month of July Unit Units Unit Cost Selling Price July 1 Beginning Inventory July 13 Purchase July 25
The following are the transactions for the month of July Unit Units Unit Cost Selling Price July 1 Beginning Inventory July 13 Purchase July 25 Sold 295 (100) 59$10 13 $15 July 31 Ending Inventory 254 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) Cost per Unit Units Total Beginning Inventory 0 Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Solo This is a numeric cell, so please enter numbers only Ending Inventory FIFO (Periodic) Sales Cost of Goods Sold Gross Profit
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