cost of goods sold is $6702

Natalie is busy establishieg both divisions of her business (cooke classes and miner ales) and completing her besiness degree, Her soals for the next 11 months are to sellone maxer per month and to give two to three ciasses per week. The cost of the fine European mixers is expected to increase. Natalie has just neepotiated new terms with Kalnaka that include shipping costs in the negotiated purchase peice (imicers will be shipped FOB destinaticn). Assume that Natalie has decided to use a periodic inventory svstem and now must choose a cost flow assumption for ther mber inventory. Inventory as on January 31,2022 represents three delwxe mixer porchased at a unit cont of 5595 : The tollowing tramsactions occur in February to May 2022 Feb.2 Natalie buys two dehuxe mixers on account from Krinki Supply Ca for $1.200 (\$ $00 each, foe destinaticn, tems n/a0. 16 She sells and deluse miver for $1.190 cash 25. She pays the amount owed to Krimki. Mar.2 She burs one deluse miver on account frors Krinsi Suppiy Co for \$618. FOB destination termsnsa. 30 Natalie seils two deluse mikers for a total of $2,300cash 31. Slye gays the amount owed io Kzimk. 13. She welis three delube mikers for a tatal of 53450 canh. 30. Natalie parc the amounts owed to Krinski May 4 She buss three deluee mikers on account froen Kaindi Supply Co, for $1,875 ( $625 esh), Fog destination, terms mio. 27. She sellsene deluxe mieer for $1,150cash. 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 overage cost per unit to 3 decimal places, eg. 2.225 and average-cost onswers to 2 decimal places, eg. 5,275.05. Round gross profit rate to 2 decimal places, e.g. 25,22\%. Round all other answers to 0 decimal places, e.8. 2,525.)