Current Attempt in Process Your answer is pally correct. You are provided with the following information for Tamarisk Ltd. for the month ended October 31, 2020. Tamarisk uses a periodic method for inventory Date Units Unit Cost or Selling Price Description Beginning inventory October 1 63 34 October 9 Purchase 126 36 Sale October 11 110 43 October 17 Purchase 71 37 Sale October 22 67 47 37 October 25 Purchase 94 Sale October 29 126 47 October 29 Sale 126 47 Calculate (i) ending inventory. (ii) cost of goods sold, lii) gross profit, and (iv) gross profit rate under each of the following methods. (1) FIFO (2) Average-cost. (Round Gross profit rate to 1 decimal place, eg. 21.5% and all other answers to O decimal places, eg. 2.150. Round average unit cost to 3 decimal places, e.g. 25.167.) FIFO AVERAGE-COST The ending inventory 1887 The cost of goods sold 10896 Gross profit 2905 21 %6 % Gross profit rate