Question 2 of 6 - / 15 View Policies Current Attempt in Progress You are provided with the following information for Swifty Ltd. for the month ended October 31, 2020. Switty uses a periodic method for inventory Date Description Units Unit Cost or Selling Price October 1 Beginning inventory 50 21 October 9 Purchase 100 23 October 11 Sale 84 30 Purchase October 17 58 24 October 22 34 Sale 54 October 25 24 Purchase 68 34 October 29 Sale 100 ringiwatory in cost of soods sold cross profit, and (IV) gross prohtrate under each of the following methods 34 October 29 Sale 100 Calculate ending inventory. (ii) cost of goods sold. (I) gross proht, and (iv) gross profit rate under each of the following methods (1) FIFO (2) Average cost.(Round Gross profit rate to 1 decimal place, e-. 21.5% and all other answers to decimal places, eg. 2.150. Round average unit cost to 3 decimal places, e.g. 25.167.) FIFO AVERAGE-COST The ending inventory The cost of goods sold Gross profit %6 Gross profit rate Attempts:0 of 3 used Submit Answer Save for Later