Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory Units Unit Cost 48 $10 240 13 (100) 188 $15 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under LIFO. Assume periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) LIFO (Periodic) Units Total Cost per Unit $ 10.00 48 $ 480 240 $ 13.00 3,120 3,600 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from July 13 Purchase Units from Beginning Inventory Total Cost of Goods Sold Ending Inventory 240 $ 13.00 10.00 48 $ 3,600 6,720 $ LIFO (Periodic) Sales $ 1,500 Cost of Goods Sold Gross Profit 1,806 306 $