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You have the following information for Waterway Industries for the month ended October 31, 2022. Waterway uses a periodic method for inventory. Date Description Units

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You have the following information for Waterway Industries for the month ended October 31, 2022. Waterway uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 70 $26 Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct 29 Sale X Your answer is incorrect. Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per units 28.572 Your answer is partially correct. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to O decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory $ 3060 2853 2660 7895 The cost of goods sold $ 7495 $ $ $ 7702 Gross profit 4180 3780 3972.70 e Textbook and Media List of Accounts Your answer is partially correct. 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 35.8 % 32.4 % 34.0 e Textbook and Media List of Accounts

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