Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rate under each of the following methods: LIFO, FIFO, and average cost. (Round average cost per unit to 3 decimal places, e.g. 2.225. Round gross profit rate to 2 decimal places, e.g. 25.22%. Round all other answers to 0 decimal places, e.g. 2,525.) Ending inventory Cost of goods sold Gross profit Gross profit rate $ +A LIFO % $ $ $ FIFO % $ $ Average Cost %

Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rate under each of the following methods: UFO, FIFO, and average cost. (Round overage cost per unit to 3 decimal places, eg. 2.225. Round gross profit rate to 2 decimal ploces, es. 25.22\%. Round all other answers to 0 decimal places, es. 2,525.) Natalic is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the not 11 months are to sell one mixer per month and to give two to three classes per week. The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Kzinski that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination). Assume that Natalie has decided to use a per iodic inventory system and now must choose a cost flow assumption for her mixer inventory. The following transactions occur in February to May 2022. Feb.2 Natalie buys two deluxe mixers on account from Kzinski Supply Co. for $1,220 ( $610 each), FOB destination, terms n/30. 16 She sells one deluxe mixer for $1,11 jash. 25 She parys the amount owed to Krinski. Mar:2 She buys one deluxe mixer on account from Kzinski Supply Co. for \$628, FOB destination, terms n/30. 30 Natalie sells two delune mivers for a total of $2.220 cash. 31 She pays the amount owed to Krinski. Apr. 1 She burs two deluxe mixers on account from Krinski Supply Co. for $1.244 (\$622 each), FOB destination, terms n/30. 13 She sells three deluxe miners for a total of $3,330 cash. 30 Natalie pars the amounts owed to Krinski. May 4 She buys three deloxe mixers on account from Krinski Supply Co, for $1,905 ( $635 each), FOB destination, terms rV/30. 27 She sells one deluoe miver for $1,110 cash