Remaining Time: 35 minutes, 21 seconds. Question Completion Status: Karilou Company uses LIFO (Last-in, first-out) method for the periodic inventory system. It has following information regarding the purchases and sales in the first six month of the year. Date Beginning 10 January 1 March 10 May 16 June 20 Transaction Units Unit Cost Inventory $50 Purchase 20 $ 56 Purchase 20 $ 60 Purchase 20 $ 62 Total Value 5500 $ 1,120 $ 1,200 $ 1,240 Date May 16 June 25 Transaction Units Unit Price Sale 30 $ 80 Sale 15 $ 80 Total Value $ 2,400 $ 1,200 Based on the information above deduce the following for the first six moths of the year: 1. The Value Cost of Goods sold (5) is 2. The Value of ending inventory (5) is 3. The Inventory Turnover Ratio (rounded to one decimal point) is 4. The Inventory Days to Sell (rounded to the whole number of days) i For Blank 3 5. The Value of Gross profit (5) is 6. The Gross Profit Percentage (rounded to one decimal point) (%) is Click Save and submit to serve and submit. Click Save All Answers to serve all answers Save All Answers