Question: can you please help answer these? thank yiy Required information M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of



Required information M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3) The following information applies to the questions displayed below) The following are the transactions for the month of July. Unit Selling Price Beginning Inventory July 13 300 Sola (100) July 31 Ending Inventory July 1 Units Unit Cost 60 $10 12 Purchase July 25 $16 260 M7-7 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO [LO 7-3) Calculate cost of goods available for sale and ending inventory, then sales, coft 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 Cost per Total Unit 60 $ 10.00 $ 600 Beginning Inventory Purchases July 13 Goods Available for Sale Cost of Goods Sold Units from July 13 Purchase 300 $ 12.00 3,600 4,200 110 $ 12.00 Total Cost of Goods Sold Ending Inventory 1,320 $ 2,880 FIFO (Periodic) Sales $ 1,600 Cost of Goods Sold 1,320 Gross Profit $ 280 LIFO (Periodic) Cost per Units Unit Total 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 Weighted Average (Periodic) Cost per Units Unit Total Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory Weighted Average (Periodic) Sales Cost of Goods Sold Gross Profit
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