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Akira Company had the following transactions for the month. Number of Units Total Cost Beginning inventory 150 $1,500 Purchased Mar. 31 180 2,160 Purchased Oct.

Akira Company had the following transactions for the month.

Number of Units Total Cost
Beginning inventory 150 $1,500
Purchased Mar. 31 180 2,160
Purchased Oct. 15 150 2,250
Total goods available for sale 480 5,910
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 $27 each. Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.

Gross Margin
A. First-in, First-out (FIFO) ?
B. Last-in, First-out (LIFO) ?
C. Weighted Average (AVG) ?

What is A B and C?

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