Pg 304 P6-5B 1) You are provided with the following information for Guillaume Inc. for the month ended June 30, 2016. Guillaume uses the periodic method for inventory. (16 pts) Date Description Quantity Unit Cost Per Sale Price June 1 |Beginning Inventory 40 $40 June 4 Purchase 135 $44 June 10 Sales 110 $70 June 11 Sale Return 15 $70 June 18 Purchase 55 $46 June 18 Purchase Return 10 $46 June 25 Sale 65 $75 June 28 Purchase 30 $50 Instructions Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. Exercise Petty Cash P8-2A Ursula Company maintains a petty cash fund for small expenditures. The following Journallier and pont patty