Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week. The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Kzinski that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination). Assume that Natalie has decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory. Inventory as on January 31, 2019 represents three deluxe mixer purchased at a unit cost of $595, The following transactions occur in February to May 2019, 25 Feb. 2 Natalie buys two deluxe mixers on account from Kzinski Supply Co. for $1.200 (5600 each), FOB destination, terms n/30 16 She sells one deluxe mixer for $1,150 cash She pays the amount owed to Kzinski. Mar 2 She buys one deluxe mixer on account from Kzinski Supply Co. for $618, FOB destination terms n/30. 30 Natalie sells two deluxe mixers for a total of $2,300 cash She pays the amount owed to Kzinski Apr. 1 She buys two deluxe mixers on account from Kzinski Supply Co. for $1.224($612 each), FOB destination terms w/30 13 She sells three deluxembers for a total of $3450 cash 30 Natalle pays the amounts owed to Kinsid 31 May 4 She buys three deluxe mixers on account from Kioski Supply Co. for $1.875(5625 cach), FOB destination, terms 130 She sellsone deluxe mixerfor $1.150 cash 27 Your answer is partially correct. Calculate (ending inventory. (i) cost of goods sold, (lgross profit, and (iv) gross profit rate under each of the following methods LIFO, FIFO, and average cost. (Round average cost per unit to 3 decimal places, e.g. 2.225 and average-cost answers to 2 decimal places, eg. 5,275.05. Round gross profit rate to 2 decimal places, es, 25.22%. Round all other answers to decimal places, e... 2,525.) LIFO FIFO Average Cost Ending Inventory $ 2385 2487 $ 2437.00 Cost of goods $ 4317 $ 4215 $ 4265 sold Gross pront 3733 3835 3785 Gross pront rate 4637 % 47.64 % 4702 96