The following are the transactions for the month of July.

Required:
Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under (a) FIFO, (b) LIFO. Assume a periodic inventory system is used (Input all amounts as positive values. Do not round Weighted average cost per unit. Round your final answers to the nearest dollar amount.

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Unit Cost Units Unit Selling Price Beginning inventory 120 July 13 July 25 July 31 urchase 12 (200 470 $15 Ending inventory