W Part 1 [The following Information applies to the questions displayed below.] The following are the transactions for the month of July. 3 July 1 July 13 Beginning Inventory Purchase Units 51 Unit Cost $ 10 Unit Selling Price 255 12 July 25 July 31 Sold Ending Inventory (100) 206 $ 16 9:06 ok Saved Required: a. Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is b. Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. t Required A Required B nces Calculate cost of goods available for sale and ending inventory under FIFO. Assume a periodic inventory system is used. FIFO (Periodic) Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Total Cost of Goods Sold Ending Inventory Units Cost por Unit Total 51 $ 10 $ 510 255 $ 12 $ 3,060 $ 0 Complete this question by entering your answers in the tabs below. Required A Required B Calculate sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. FIFO (Periodic) Sales Cost of Goods Sold Gross Profit