You are prov/ided with the/ following information for Tamarisk Inc. /for the month ended June 30, 2020. Tamarisk /uses the periodic /method for /inventory.

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. 38.9%.)

Your answer is correct. 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 $ 3906 4324 $ 4106 A 3906 6718 $ $ The cost of goods sold $ 6300 " 6518 Gross profit 4 4536 " 4954 " 4736 Attempts: 3 of 5 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, e.g. 51.2%.) LIFO LIFO FIFO AVERAGE-COST Gross profit rate Attempts: 0 of 5 used Save for Later Submit Answer You are provided with the following information for Tamarisk Inc. for the month ended June 30, 2020. Tamarisk uses the periodic method for inventory. Unit Cost or Quantity Selling Price 42 $38 140 42 Date Description June 1 Beginning inventory June 4 Purchase June 10 Sale June 11 Sale return June 18 Purchase June 18 Purchase return June 25 Sale June 28 Purchase