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Required information M7-7 to M7-9 Calculating Cost of Goods Avallable for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Perlodic FIFO, LIFO, and Welghted Average Cost [Lo 7-3] [The following information applies to the questions displayed below.) The following are the transactions for the month of Jul Units Unit Cost Unit Selling Price July 1 Beginning Inventory July 13 Purchase July 25 Sold July 31 Ending Inventory 18 $10 53 265 (100) M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic Weighted Average Cost [LO 7-3] Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.) Answer is complete but not entirely correct. Weighted Average Periodic Cost per Units Total Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory 53 01$ 10.00 $ 530 26501$ 13.00 3.445 3,975 318 s 0.000 2,475 eighted Average Sales Cost of Goods Sold Gross Profit 1,500 318 2,205