The Dockside Shop had the following inventory data: Click the icon to view the inventory data) Read the mavirements Requirement 1. Dockside need to know the company's gross profit percentage and rate of inventory tumover for 2021 under (1) FIFO, and (2) LIFO Begin by calculating the grote profit percentage. (Enter the percentage to the nearest tenth of a percent, XX% Do not enter the symbol in the input field) FIFO LIFO Gross profit percentage % Data table ind X (0/ 101 X 2020 2021 Requirements $ 21,000 $ 25,000 12.560 13,640 $ 81,650 1. Company managers need to know the company's gross profit percentage and rate of inventory turnover for 2021 under 1. FIFO 2. LIFO 2. Which method produces a higher gross profit percentage? A higher inventory turnover? Ending inventory at FIFO Cost Ending inventory at LIFO Cost Cost of goods sold at FIFO Cost Cost of goods sold at LIFO Cost Sales revenue 93,010 142.000 Print Done Print Done