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The following are the transactions for the month of July.

Required:

a$.$ Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used.

b$.$ Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used.

Complete this question by entering your answers in the tabs below.

Required $A$

Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used.