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You have the following information for Skysong, Inc. for the month ended October 31, 2022. Skysong uses a periodic method for inventory. Units Unit Cost

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You have the following information for Skysong, Inc. for the month ended October 31, 2022. Skysong uses a periodic method for inventory. Units Unit Cost or Selling Price $26 60 130 28 40 Date Oct. 1 Oct. 9 Oct. 11 Oct 17 Oct.22 Oct. 25 Oct. 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale 90 90 29 60 45 31 70 100 45 Calculate gross proht 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 % 96 96 e Textbook and Media List of Accounts

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