The following three identical units of Item K113 are purchased during April Item K113 Units Cost April 2 Purchase $192 April 14 Purchase 194 April 28 Purchase 196 Total $582 Average cost per unit $194 ($582 + 3 units) Assume that one unit is sold on April 30 for $270. Determine the gross profit for April and ending inventory on April 30 using the weighted average cost methods. Gross Profit nding Inventory a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost