Unit Selling Price July 1 July 13 July 25 July 31 Beginning Inventory Purchase Sold Ending Inventory Units Unit Cost 59 $10 295 13 (100) 254 $15 3 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) FIFO (Periodic) Units Total Cost per Unit $ 10.00 59 $ 590 295 $ 13.00 3,835 4,425 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Total Cost of Goods Sold Ending Inventory 59$ 10.00 63 X $ 13.00 1,409 FIFO (Periodic) Sales Cost of Goods Sold Gross Profit $ 1,500 1,409 x $ 91 x $ LIFO (Periodic) Units Cost per Unit Total $ 0 Beginning Inventory Purchases July 13 0 Goods Available for Sale Cost of Goods Sold 0 Total Cost of Goods Sold Ending Inventory LIFO (Periodic) Sales Cost of Goods Sold Gross Profit LIFO (Periodic) Cost per Units Total Unit Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory LIFO (Periodic) Sales Cost of Goods Sold Gross Profit