Three identical units of Item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 115117 Purchase 117226 Purchase 1 183 Assume that one unit is sold on July 31 for $240. 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 115817 Purchase 117526 Purchase 1 186 Assume that one unit is sold on July 31 for $263. Determine the gross profit for July using the average cost method. (Round to nearest full dollar)