Bonita Appliance Mart began operations on May 1. It uses a perpetual inventory system. During May, the corpony had the following purchases and sales for its Model 25 Sureshot camera. Determine the ending inventory under a perpetual inventory system using (1) FIFO and (2) moving average cost. (Round movins average unit cost to 3 decimal ploces, e.g. 25,167 and final answers to 0 decimal ploces, es. 2,150. Which costing method produces (1) the higher ending imventory valuation and (2) the lower ending inwentory valuation? Vaughn Pottery lost 70% of its imventory in a fire on March 25, 2020 . The accounting records showed the following gross proft data for February and March. Vaughn is fully insured for fire losses but must prepare a report for the insurance company. Compute the gross profit rate for the month of February. (Round answer to 2 decimol places, es. 25, 16\%) The gross profit rate for the month of February 95. eTextbook and Medla Using the gross profit rate for February, determine both the estimated total inventory and inventory lost in the fire in March. (Round answers to 0 decimal places, es. 1,250.) The estimated total inventory inventory lost in the fire in March