Three identical units of Item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 115717 Purchase 116926 Purchase 1 188 Assume that one unit is sold on July 31 for $244. Determine the ending inventory on july 31 using the average cost method. (Round to the nearest whole dollar) Add your answer Question 6 Three identical units of item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 115117 Purchase 1172.26 Purchase 1 198 Assume that one unit is sold on July 31 for $251. Determine the gross profit for July using the average cost method. (Round to nearest full dollar)