The Green Gator Shop had the following inventory data Click the icon to view the Inventory data.) Read the requirements Requirement 1. Green Gator need to know the company's gross profit percentage and rate of inventory umover for 2021 under (1) FIFO, and (2) LIFO. Begin by calculating the gross profit percentage (Enter the percentage to the neare tenth of a percent, XX. Do not enter the symbol in the input field FIFO LIFO Data table % Gross profit percentage -X Requirements Ending inventory at FIFO Cost Ending inventory at LIFO Cost Cost of goods sold FIFO Cout Cost of goods sold at LIFO Cost Sales revenue 2020 2021 5 29420 $ 32.620 10,385 1405 $17.550 95,175 141.000 1. Company managers need to know the company's gross profit percentage and rate of invertory turnover for 2021 under 1. FIFO 2. LIFO 2. Which method produces a higher gross profil percentage? A higher inventory tumover? Print Dona Print Done Check Clear all