The following information is available for Verlander Corporation beginning inventory and purchases of inventory for July 2022:

A physical count revealed that 550 units of inventory were remaining at July 31, 2022. The remaining inventory was sold during July for $26/unit.

Required:

A. Determine the cost of Verlander's Inventory at July 31, 2022 assuming FIFO cost flow assumption is used

B. Determine Verlander's cost of goods sold for the month of July 2022 assuming the LIFO cost flow assumption is used

C. Determine Verlander's gross profit for the month of July 2022 assuming the weighted average method is used

DATEUnitsUnit CostTotal CostBeginning Inventory100$14.25$1,435July 330015.204560July 1660014.608760July 2140015.906360July 2910016.401,640 1,500 $22,755