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P6-5A You are provided with the following information for Najera Inc. for the month Calculate en cost of good ended June 30, 2019. Najera uses the periodic method for inventory. Unit Cost or Selling Price under compare n LO 2) Date Description Quantity 40 135 110 June 1 Beginning inventory June 4 Pcase June 10 Sale June 11 Sale return June 18 Purchase June 18 Purchase return June 25 Sale June 28 Purchase $40 70 70 46 46 75 50 10 65 30 Instructions (a) Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross (a) (ii) Gro profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (b) Compare results for the three cost flow assumptions FIFC Ave