Chapter 6: How Current Attempt in Progress lons You have the following information for Concord Corporation for the month ended October 31, 2022. Concord uses a periodic method for inventory. 5 Sup Date Units Unit Cost or Selling Price Description Beginning inventory Oct. 1 5 Sup 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, e.g. 5.125.) Weighted average cost per units 34.715 eTextbook and Media List of Accounts List of Accounts * Your answer is incorrect Calculate ending inventory, cost of goods sold,gross profit under each of the following methods. Follow (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to O decimal AVERAGE-COST LIFO M S 1$ The ending inventory The cost of goods sold Gross profit S eTextbook and Media List of Accounts X Your answer is incorrect Calculate gross profit rate under each of the following methods. X Your answer is incorrect. Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e.. 51.2%) LIFOE FIFO AVERAGE-COST Gross profit rate eTextbook and Media List of Accounts Attempts: 1 of 3 used Save for Later Submit Answer