2. The Atlas Company had the following beginning inventory, purchases, and sales of inventory during the first quarter of 2019:

		Units	Cost per unit	Total
1-Jan	Beginning inventory	1,200	30	36,000
2-Jan	Purchases	500	32	16,000
25-Jan	Sale	700	40
5-Feb	Purchases	600	34	20,400
18-Feb	Sale	800	40
15-March	Purchases	600	32	19,200

Required:

a. Compute the amount of cost of goods sold, ending inventory assuming the following cost flow assumptions: A) FIFO B) LIFO C) Weighted Average

b. Compute the gross margin as per the above methods.