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

Date Description Units Unit Cost or Selling Price

Oct 1 Beginning Inventory 55 $24

Oct 9 Purchase 125 26

Oct 11 Sale. 90 35

Oct 17 Purchase 90 27

Oct 22 Sale 55 40

Oct 25 Purchase 65 29

Oct 29 Sale 100 40

Question number 1) Calculate gross profit rate under each of the following methods.

1. LIFO
2. FIFO
3. Average cost

(Round answers to 1 decimale place, e.g. 1.2%)

LIFO FIFO AVERAGE COST

Gross profit rate % % %