You are provided with the following information for Sheridan Inc. for the month ended June 30, 2020. Sheridan uses the periodic method for inventory. Unit Cost or Selling Price Date Description Quantity June 1 Beginning inventory 44 $42 June 4 Purchase 135 46 June 10 Sale 114 72 June 11 Sale return 17 72 June 18 Purchase 57 48 June 18 Purchase return 12 48 June 25 Sale 64 78 June 28 Purchase 29 53 Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted average cost per unit $ LIFO 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 pl answers to o decimal places, e.g. 1,250. Use weighted average unit cost rounded to 2 decimal places for computations.) FIFO AVERAGE-COST The ending inventory The cost of goods sold $ s $ Gross profit S Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e.g. 51.2%.) LIFO Gross profit rate % FIFO 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