P6-5A You are provided with the following information for Najera Inc for the month ended June 30, 2017. Najera uses the periodic method for inventory.

P6-5A You are provided with the following information for Najera Inc. tor the mo ended June 30, 2017. Najera uses the periodic method for inventory Than LIFO? (Note: n Unit Cost or Selling Price Quantity 40 135 110 15 Description $40 June 1 Beginning inventory June 4 Purchase June 10 Sale June 11Sale return June 18Purchase June 18Purchase return June 25Sale June 28Purchase 70 70 46 46 75 50 10 65 30 Instructions (a) Calculate (G) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (i ) gross profit rate under each of the following methods. (1) LIFO.(2) FIFO. (3) Average-cost. (b) Compare results for the three cost flow assumptions