You have the following information for Larkspur Inc. for the month ended October 31, 2022. Larkspur uses a periodic method for inventory Description Beginning inventory Purchase Sale Date Units Unit...

Doing some practice.. need help with part a3 :)

Extracted text: You have the following information for Larkspur Inc. for the month ended October 31, 2022. Larkspur uses a periodic method for inventory Description Beginning inventory Purchase Sale Date Units Unit Cost or Selling Price Oct 1 63 $23 Oct 9 117 25 Oct 11 110 35 Oct 17 Purchase 104 26 Oct 22 Sale 63 40 Oct 25 Purchase 67 28 Oct 29 Sale 106 40


Extracted text: 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