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You have the following information for Waterway Inc. for the month ended June 30, 2022. Waterway uses a periodie'inventory system Unit Cost or Selling Price

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You have the following information for Waterway Inc. for the month ended June 30, 2022. Waterway uses a periodie'inventory system Unit Cost or Selling Price Date Quantity June 1 Description Beginning inventory Purchase 40 $41 June 4 135 44 June 10 Sale 110 71 June 11 Sale return 15 71 June 18 Purchase 55 47 June 18 Purchase return 10 47 June 25 Sale 65 77 June 28 Purchase 35 51 Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFch(3) Average cost. (Round average-cost method answers to 2 decimal places, es. 1.250.25 and other answers to decimal places, eg. 1,250) LIFO FIFO AVERAGE-COST The ending inventory $ $ The cost of goods sold $ $ $ Gross profit S $ $

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