[The following information applies to the questions displayed below.] The following are the transactions for the month of July. equired: - Calculate cost of goods avallable for sale and ending inventory under LIFO. Assume a periodic inventory system is used. . Calculate sales, cost of goods sold, and gross profit, under LIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Calculate cost of goods available for sale and ending inventory under LIFO. Assume a periodic inventory system is used