A) FIFO

B) Average Cost

C) LIFO

For all exercise, please assume a perpetual inventory system. Part 1 The following records for Rise N Shine, Inc., during 2020 are as follows: Jan. 1 Beginning Inventory Mar. 5 Purchases May 13 Purchases Aug. 4 Purchases Nov.5 Purchases Units 100 200 650 150 100 Unit Cost $8.00 $9.50 $11.00 $12.00 $13.00 During 2020 Rise N Shine sold 800 units. The revenue records reflected: Feb. 2 Sales May 19 Sales Aug. 1 Sales Nov. 10 Sales 200 units at $36/each 200 units at $40/each 200 units at $35/each 200 units at $44/each Note: The firm employs a variable pricing model and selling prices fluctuate. Requirements: Calculate Ending Inventory, COGS and Gross Margin under