Question 6 of 6 0.56/1 TE 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 O decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory $ 2524 $ 2876 $ 2726 The cost of goods sold $ 7921 $ 7569 $ 7859 Gross profit $ 1857 $ 2209 $ 1919 e Textbook and Media List of Accounts * Your answer is incorrect. Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, eg. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate 73.6 % 76.8 % 70.4 % Question 6 of 6 > 0.56 / 1 III View Policies Show Attempt History Current Attempt in Progress You have the following information for Blue Spruce Corp. for the month ended October 31, 2017. Blue Spruce Corp. uses a periodic method for inventory. Unit Cost or Selling Price $26 Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 28 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Units 54 128 104 108 33 29 38 64 75 103 31 38 Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per unit 28.616