CAN SOMEONE EXPLAIN TO ME HOW DO I FILL IN THE MISSING BLANKS? KEYWORDS -LIFO -FIFO -AVERAGE COST -LOWEST -HIGHEST Transcribed Image Text: You are provided with the following information

CAN SOMEONE EXPLAIN TO ME HOW DO I FILL IN THE MISSING BLANKS? KEYWORDS -LIFO -FIFO -AVERAGE COST -LOWEST -HIGHEST Transcribed Image Text: You are provided with the following information for Concord Inc. for the month ended June 30, 2020. Concord uses the periodic
method for inventory.
Unit Cost or
Date
Description
Quantity
Selling Price
June
1
Beginning inventory
39
$41
June
4
Purchase
139
46
June
10
Sale
111
68
June
11
Sale return
14
68
June
18
Purchase
53
47
June
18
Purchase return
9.
47
June
25
Sale
68
73
June
28
Purchase
32
51 Transcribed Image Text: Compare the results for the three cost flow assumptions and answer the following questions.
In this period of rising prices,
gives the highest cost of goods sold and the
gross profit.
v gives the lowest cost of goods sold and the
gross profit.