You are provided with the following information for Kingbird Inc. for the month ended June 30, 2019. Kingbird uses the periodic system for inventory. HELP!!!

Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 5.25.)

Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost.

Calculate gross profit rate under each of the following methods (1) LIFO (2) FIFO (3) Average-cost

Compare the results for the three cost flow assumptions and answer the following questions:

In this period of rising prices, LIFO gives the ____ cost of goods sold and the ____ gross profit. FIFO gives the ___ cost of goods sold and the ____ gross profit.

Date				Description		Quantity		Unit Cost or Selling Price
June		1		Beginning inventory		39		$39
June		4		Purchase		136		43
June		10		Sale		108		69
June		11		Sale return		13		69
June		18		Purchase		55		45
June		18		Purchase return		8		45
June		25		Sale		67		74
June		28		Purchase		28		49