You have the following information for Sheridan Inc. for the month ended October $31,2025.$ Sheridan uses a periodic system for

inventory.

$($a$1)$

$($a$2)$

Calculate ending inventory, cost of goods sold, and gross profit under each of the following methods.

LIFO.

FIFO.

Average$-$cost$.$

$($Round answers to $0$ decimal places, e$.$g$.125.)$