Topanga Group began operations early in 2016. Inventory purchase information for the quarter ended March 31, 2016, for Topanga's only product is provided below. The unit costs include the cost of freight. The company uses a periodic inventory system. Date of Purchase Units Unit Cost Total Cost 25,000 5,000 $5.00 Jan. 7 Feb. 16 13,000 6.00 78,000 March 22 17,000 7.00 119,000 35,000 $222,000 Totals Sales for the quarter, all at $9 per unit, totaled 19,000 units leaving 16,000 units on hand at the end of the quarter. Required: 1. Calculate Topanga's gross profit ratio for the first quarter using the following inventory methods. (Round your intermediate calculations to 4 decimal places for average cost method and final answers to the nearest whole number.) cost of Goods Available for sale cost of Goods sold Periodic FlFo Ending Inventory Periodic FlFo Cost of Goods #of units cost per cost of for FIFO of units per unit Goods Sold in ending cost per unit inventory unit Ending Inventory S 0.00 0 0.00 S Beginning Inventory Purchases: S 5.00 0 5.00 0 January 7 5,000 5.00 25,000 S 6.00 0 6.00 0 78,000 February 16 13,000 6.00 March 22 17,000 7.00 119,000 35,000