You have the following information for Novak Corp. for the month ended October 31, 2017 Novak Corp. uses a periodic method for Inventory Date Description Units Unit Cost or Selling Price Oct. 1 59 $24 Beginning inventory Purchase Oct. 9 110 26 Oct. 11 Sale 100 35 Oct. 17 Purchase 110 27 Sale Oct 22 64 40 Purchase Oct. 25 29 63 40 Oct 29 Sale 104 X Your answer is incorrect. 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 FIFO AVERAGE-COST Gross proftrate