Three identical units of merchandise were purchased during July, as follows: Date Product T Units Cost July 3 Purchase 1 $29.00 10 1 32.00 Purchase Purchase 24 1 35.00 Total 3 $96.00 Average cost per unit $32.00 Assume one unit sells on July 28 for $46.00 Determine the gross profit, cost of merchandise sold, and ending inventory on July 31 using the (a) first-In, first-out. (b) last-in, first-out, and (c) average cost flow methods Gross Profit Cost of Merchandise Sold Ending Inventory first in first-out Lasti, stot . C) Average