LIFO gross profit rate and average-cost gross profit rate

View Policies Show Attempt History Current Attempt in Progress You have the following information for Vaughn Inc. for the month ended June 30, 2022. Vaughn uses a periodic inventory system Date Unit Cost or Selling Price Description Beginning inventory Quantity 40 June 1 $28 June 4 Purchase 135 31 June 10 Sale 110 58 June 11 Sale return 15 58 June 18 Purchase 55 34 June 18 Purchase return 10 34 June 25 Sale 64 June 28 Purchase 35 38 a3) Your awer is partially correct. Calculate gross proftrate under each of the following methods. (1) UFO (2) FIFO (3) Average-cost. (Round answers to 1 decimal places 512X) LIFO FIFO AVERAGE-COST % 48.6 Gross pront rate 423 e Textbook and Media Attempts: 1 of 3 used Sunt Awe (5) Thalles sont completed in order that will be wailable when you complete the part above