E6-20A. (Learning Objective 4: Compute and evaluate gross profit percentage and inventory turnover) Lasley & Linderman, a partnership, had the following inventory data: 2013 2014 Ending inventory at FIFO Cost $18,000 23,000 8,000 19,000 LFO Cost Cost of goods sold at: FIFO Cost IFO Cost. Sales revenue 80,900 84,900 54,000 Lasley and Linderman need to know the company's gross profit percentage and rate of inventory turnover for 2014 under A. FIFO. B. LIFO