Three identical units of merchandise were purchased during July, as follows: Date Product T Units Cost July 3 Purchase 1 $29 10 Purchase 1 32 24 Purchase 1 Total 3 $96 $32 Average cost per unit Assume one unit sells on July 28 for $46. Determine the gross profit, cost of goods sold, and ending inventory on July 31 using (a) first-in, first-out, (b) last-in cost flow methods. Gross Profit Cost of Goods Sold Ending Inventory a. First-in, first-out b. Last-in, first-out c. Average 000 FA All work saved. Dil A ES F6 F7 F8 59 F16