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Problem 6-5A You have the following information for Ivanhoe Company for the month ended October 31, 2017. Ivanhoe Company uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 60 $23 Oct. 9 Purchase 124 25 Oct. 11 Sale 91 35 Oct. 17 Purchase 98 26 Oct. 22 Sale 65 40 Oct. 25 Purchase 75 28 Oct. 29 Sale 109 40 x Your answer is incorrect. Try again. Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unitLIFO FIFO AVERAGE-COST The ending inventory X 2,212 X The cost of goods sold -X 6,916 Gross profit 3,229 x Your answer is incorrect. Try again. 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 x