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

5-Feb

Purchases

600

34

20,400

18-Feb

Sale

800

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.

?