please fill in the blanks thank you using FIFIO method!

also fill out weighted Average blanks

Novak Limited stocks a variety of sports equipment for sale to institutions. The following stock record card for basketballs was taken from the records at the December 31,2020 year end: A physical inventory on December 31,2020 , reveals that 100 basketballs are in stock. The bookkeeper informs you that all the discounts were taken. Assume that Novak Limited uses a periodic inventory system and records purchases at their invoice price less discounts. During 2020 , the average sales price per basketball was $22.25. Prepare income statements for the year ended December 31, 2020, as far as the "gross profit" line under each of the FIFO and weighted average methods, and calculate the gross profit rate for each. (Round Gross profit rate to 1 decimal place, eg. 5.2% and all other answers to 2 decimal places, e.g. 52.75.) Weighted Average Sales Cost of Goods Sold Beginning Inventory $ Purchases Less : Ending Inventory Gross Profit/(Loss) $ Gross profit rate