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Crane Trading Company uses a periodic inventory system and has a beginning inventory as of...

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Accounting

Crane Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 215 tents. This consists of
215 tents purchased in February at a cost of $340 each. During April, the company had the following purchases and sales of tents. Your answer is partially correct.
Determine the April cost of goods sold and the cost of the April 30 ending inventory using FIFO, LIFO, and average-cost.(Round
average-cost ending inventory to 2 decimal places, e.g.5.12 and final answers to 0 decimal places, e.g.5,250.) Your answer is partially correct.
Calculate Crane Trading's gross profit and gross profit rate for the month of April under each method. (Round gross profit to 0
decimal places, e.g.5,125 and gross profit rate to 1 decimal place, e.g.5.1%.)
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