You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najera uses the periodic method for inventory.

Date				Description		Quantity		Unit Cost or Selling Price
June		1		Beginning inventory		40		$40
June		4		Purchase		138		44
June		10		Sale		107		70
June		11		Sale return		13		70
June		18		Purchase		53		46
June		18		Purchase return		10		46
June		25		Sale		63		75
June		28		Purchase		26		50

ZI Your answer has been saved and sent for grading. See Gradebook for score details. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round average-cost method answers to 2 decimal places, e.g. 1,250.25 and other answers to 0 decimal places, e.g. 1,250. Use weighted-average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST The ending inventory The cost of goods sold Gross profit 3,956.00 s 6,994.00 $ 4,311.00 $ 4,202.00 $ 6,748.00 $ 4,557.00 4,121.24 6,828.56 4,476.44 s LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 1 of 1 used (a3) Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO, (3) Average-cost. (Round answers to 1 decimal place, eg, 51.2%.) LIFO FIFO AVERAGE-COST Gross profit rate