Please answer Part 3Please answer Part 3

You have the following information for Skysong, Inc. for the month ended October 31, 2022. Skysong uses a periodic method for inventory. Date Units Unit Cost or Selling Price $26 Oct. 1 60 130 28 90 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 90 40 29 45 60 70 31 45 100 Part 1 Your Answer Correct Answer (Used) Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ 28.514 Part 2 Your answer is correct. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 0 decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory $ 2,680 $ 3,040 $ 2,851 The cost of goods sold $ 7,300 $ 6,940 $ 7,129 Gross profit $ 3,500 $ 3,860 $ 3,671 Part 3 Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e.g. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate % % %