Consider the following data for Reed Company for the current year: Unit Cost $10 12 #Units Total $550 264 Beginning inventory Purchase February 4 Purchase May 15 55 22 20 13 260 Purchase October 20 48 15 720 Sales during the year, 84 units @ $30 each 18 What is the weighted-average cost per unit? $12.33 $12.37 . $12.50 $12.48 . . D. 19 What is the cost of ending inventory, assuming the LIFO method is used? $889 $905 $622 $1,172 . . . D. . 20. What is cost of goods sold, assuming the FIFO method is used? . . $889 $905 $622 $1,172 . D. 21 What is Reed Company's gross profit percentage (rounded) for the year, assuming that ending inventory totaled $685? 56% b. . 27% 40% . d. 44%