Ch 6: HW2 Question 4 of 6 View Policies Show Attempt History Your answer is incorrect. Calculate ending inventory, cost of goods sold, and gross profit under each of the following methods. 1.LIFO. 2. FIFO. 3. Average-cost. (Round answers to O decimal places, e.g. 125.) Ending inventory $ LIFO 2590 $ FIFO 0.33/1 E AVERAGE-COST 2995 $ 2785.335 Cost of goods sold $ 7225 $ 6820 $ 7029.655 Gross profit $ 3100 $ 3505 $ 3295.345 eTextbook and Media Your answer is incorrect. Calculate the gross profit rate under each of the following methods. 1.LIFO 2. FIFO. 3. Average cost. (Round answers to 1 decimal place, e.g. 51.2%) Question 4 of 6