the first picture is not my question but it shows the following questions that would appear afterwards just different numbers.

Requirement 1. Sea Hawk need to know the company's gross profit percentage and rate of inventory turnover for 2018 under (1) FIFO, and (2) LIFO. Begin by calculating the gross profit percentage. (Enter the percentage to the nearest tenth of a percent, X.X%.) a. FIFO b. LIFO Gross profit percentage 43.5 % 35.5 Calculate the inventory turnover. (Round your answer one decimal place, X.X.) b. LIFO a. FIFO 3.6 Inventory turnover 6.0 Requirement 2. Which method produces a higher gross profit percentage? A higher inventory turnover? FIFO produces a higher gross profit percentage. LIFO produces a higher rate of inventory turnover. The Blue Heron Shop had the following inventory data Click the loon to view the inventory data) Read the reviments Requirement 1. Blue Heron need to know the company's gross profit percentage and rate of inventory tumover for 2021 under (1) FIFO, and (2) LIFO Begin by calculating the gross profit percentage. (Enter the percentage to the nearest tenth of a percent, XX%. Do not enter the symbol in the neid.) FIFO LIFO Gross profit percentage Requirements 1. Company managers need to know the company's gross proft percentage and rate of inventory tumover for 2021 under 1. FIFO 2. LIFO 2. Which method produces a higher gross proft percentage? A higher inventory tumover? Print Done Data table Ending inventory at FIFO Co Ending inventory at LIFO Cost Cost of goods sold at FIFO Cast Cost of goods sold at LIFO Cast Sales revenue Print 2021 2120 115,160 $ 30.040 12.440 18,520 $1,300 12,400 144,000 Done Clear all Check answer Homework: Chapter 6 Homework: Inventory and Cost of Goods So Question 3, E6-27A (book/static) Part 1 of 3 The Blue Heron Shop had the following inventory data Next question the oo to view the inventory data) Read the res Requirement 1. Blue Heron need to know the company's gross profit percentage and rate of inventory tumover for 2001 under (1) FO, and (2) LIFO Begin by calculating the gross profit percentage (Enter the percentage to the nearest tenth of a percent, XX%. Do not enter the symbol in the FIFO LIFO Gross profit percentage Requirements 1. Company managers need to know the company's gross profit percentage and rate of inventory tumover for 2001 under 1. FIFO 2. LIFO 2. Which method produces a higher gross prot percentage? A higher mover? Print Done HW Score: 33.33%, 1 of 3 points O Points: 0 of 1 Data table Ending inventory at FIFO Cat Ending inventory at LIFO Cat Cost of goods sold at FIFO Cost Cost of goods sold at LIFO Cast Sales revenue Print 2129 $ 15,00 12,440 Done Clear all 2021 32040 18.500 $ 81300 02.540 144.000 X Save Check