You have the following information for Sheffield Inc. for the month ended October 31, 2022. Sheffield uses a periodic method for inventory.

Date		Description		Units		Unit Cost or Selling Price
Oct. 1		Beginning inventory		54		$26
Oct. 9		Purchase		128		28
Oct. 11		Sale		104		33
Oct. 17		Purchase		108		29
Oct. 22		Sale		64		38
Oct. 25		Purchase		75		31
Oct. 29		Sale		103		38

You have the following information for Sheffield Inc. for the month ended October 31, 2022. Sheffield uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 54 $26 Oct. 9 Purchase 128 28 Oct. 11 Sale 104 33 Oct. 17 Purchase 108 29 Oct. 22 Sale 64 38 Oct. 25 Purchase 75 31 Oct. 29 Sale 103 38 (a 1) Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (a2) Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) LIFO FIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ $ Gross profit $ $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer 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 profit rate % % % e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit