You have the following information for Waterway Industries for the month ended October 31 2017. Waterway Industries uses a periodic method for inventory. Units Date Oct. 1 Oct. 9 54 Unit Cost or Selling Price $23 25 Oct. 11 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale 132 108 103 34 Oct. 17 Oct. 22 26 39 55 65 Oct. 25 28 Oct. 29 121 39 Your answer is incorrect. Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ 1 Calculate gross profit rate under each of the following methods. (1) LIFO (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, eg. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate 96 e Textbook and Media List of Accounts