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Required information [The following information applies to the questions displayed below.] The following are the transactions...

Required information

[The following information applies to the questions displayed below.]

The following are the transactions for the month of July.

Units Unit Cost Unit Selling Price
July 1 Beginning Inventory 54 $ 10
July 13 Purchase 270 12
July 25 Sold (100 ) $ 16
July 31 Ending Inventory 224

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.)

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