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Current Attempt in You have the following information for Sheffield Inc for the month ended June 30, 2022. Sheffield uses a periodic inventory system. Unit

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Current Attempt in You have the following information for Sheffield Inc for the month ended June 30, 2022. Sheffield uses a periodic inventory system. Unit Cost or Selling Price Quantity Date Description Beginning inventory 40 $32 June 1 135 35 June 4 Purchase 110 62 June 10 Sale 15 62 June 11 Sale return 55 38 June 18 Purchase 10 38 June 18 Purchase return 65 68 June 25 Sale 35 42 June 28 Purchase Calculate cost per unit. (Round answer to 2 decimal places, eg. 5.25.) $ Weighted-average cost per unit 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, eg. 1.250.25 and other answers to decimal places, eg. 1,250.) LIFO FIFO AVERAGE-COST The ending inventory $ 3205 $ 5980 $ 3421.90 The cost of goods sold S 5980 $ 5480 $ 8720 Gross profit $ 4330 S 4580 $ Calculate gross profit rate under each of the following methods. (1) LIFO (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, eg. 51.2%) LIFO FIFO AVERAGE-COST 56 Gross profit rate

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