You are provided with the following information for Bonita Inc. for the month ended June 30, 2017. Bonita uses the periodic method for inventory Unit Cost or Selling Price $40 42 Description Quantity 42 136 113 57 65 32 Date June 1 Beginning inventory June 4 Purchase June 10 Sale June 18 Purchase June 25 Sale June 28 Purchase (a) Calculate () ending inventory, (i) cost of goods sold, (ili) gross profit, and (iv) gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round average unit cost, ending inventory, cost of goods sold and gross profit under a Round gross profit rate to 1 decimal place, e.g. 21.5%.) FIFO LIFO Cost of goods sold $ Gross profit Gross profit rate 9% Question Attempts: o of 3 u