Akira Company had the following transactions for the month

Number of UnitsCost per Units

Beginning inventory 150$ 1.500

Purchased March, 31160 1.920

Purchased Oct, 151301.950

Total goods available for sale 440 5.370

Ending Inventory 50?

Calculate the gross margin for the period for each of the following cost allocation methods, using periodic inventory updating. Assume that all units were sold for $25 each. Provide your calculations.

1. first-in, first-out (FIFO)
2. last-in, first-out (LIFO)
3. weighted average (AVG)