Calculate ending inventory, cost of goods sold, gross margin and gross margin rate under periodic method: compare results. You are provided with the following information for Molly Inc. for the month ended October 31, 2014. Molly uses a periodic method Unit Cost/ Unit Cost/ Selling Beginning Selling Revenue Description Units Price from Sales Units Price Date Description Date nV $24. $1,440 October 1 Beginning invento 60 October 9 Purchase 26 $3,120 120 $3,500 October 11 Sale 35 100 27 $1,890 October 17 Purchase 70 65 40 $2,600 October 22 Sale 28 $2,240 October 25 Purchase 80 40 $4,800 October 29 Sale 120 $10,900 $8,690 330 Average cost per unit Inventory Units remaining after Sales Sales Revenue Instructions