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Required information M7-7 to M7-9 (Algo) 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 [L. 7-3] [The following information applies to the questions displayed below] The following are the transactions for the month of July. 17.9 (Algo) Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, ind Gross Profit under Periodic Weighted Average Cost [LO 7-3] lequired: 1. Calculate cost of goods avallable for sale and ending inventory under weighted average cost. Assume a periodic inventory system sosed. . Calculate sales, cost of goods sold, and gross profit, under weighted average cost. Assume o periodic inventory system is used. Complete this question by entering your answers in the tabs below. M7.9 (Algo) 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] Required: a. Calculate cost of goods avalabie for sale and ending inventory under weighted awerage cost. Assume a perfiodic imvertiory system is usod. b. Calculate sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is used. Complete this question by entering your answers in the tabs below. Calculate cost of goods avalibble for sale and ending imventory under weighted average cost. Assume a periedic inventery shliem is used. (Found "Cost per Une" to 2 decimas' places and your final answers to neiarest whole dollar amount.) M7.9 (Algo) Caleulating Cont of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic Woighted Average Cost [LO 7-3] Required: ined Complete thit Quevion by encering wor auser in be tase below

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