Current Attempt in Progress You are provided with the following information for Skysong Inc. for the month ended June 30, 2019. Skysong uses the periodic system for inventory Unit Cost or Selling Price Date Description Quantity June 1 Beginning inventory June 4 Purchase 40 $42 13546 108 67 June 10 Sale Sale return June 11 June 18 Purchase June 18 Purchase return June 25 June 28 Sale Purchase Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO (2) FIFO (3) Average cost. (Round average- cost method answers to 2 decimal places, s. 1,250.25 and other answers to decimal places, eg. 1,250. Use weighted average unit cost rounded to 2 decimal places for computations) LIFO FIFO AVERAGE-COST The ending Inventory 5 4598 4607.46 The cost of goods sold $ 7306.78 Gross profit 3537.22 e Textbook and Media Attempts: 1 of 2 used Save for Later Submit Answer (23)