2.During the first quarter of 20xx, Blake Company sold 12,000 cases of Product T for $120,000. Facts related to its beginning inventory and purchases are as follows. Jan 1 Beginning inventory 5,000 cases @ $4.00 10 Purchases 3,000 cases @ $5.00 Feb. 13 Purchases 8,000 cases @ $4.50 Mar. 5 Purchases 2,000 cases @ $5.00 For the quarter ended March31, 20xx, compute the ending inventory, cost of goods sold, and gross margin under three methods: (a) average-cost, (b) FIFO, and (c )LIFO.