3 UREL During they start 17 Required Commentanding inventory Coast the balance we gelowing room WOLF mwen avere Commen in groos mergin bewonine on UFO Cosmos cm by entering our in the table Com the amount of ending or connecting thing (1) Firo, und went overige (recensemences and as to the whole deler amant FO Required Cowboy Ice Cream Company (CIC) had the following purchases of ice cream bars for Year 1 of operations 3 Jan. 20 Apr 22 July 25 Sept. 19 Purchased Purchased Purchased Purchased @ 310 units 150 units 21e units 90 units $752, 270 1.350 $10 2,100 $22 - 10 e 02:17:50 During the year, CIC sold 560 Ice cream bars for $17 each. Required a. Compute the amount of ending Inventory CIC would report on the balance sheet, assuming the following cost flow assum FIFO. (2) LIFO, and (3) weighted average. b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions. eBook Complete this question by entering your answers in the tabs below. Required A Required B Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions FIFO LIFO Difference Gross margin