ali co was organized in 2004 to produce adingle product production and sales records for period 2004 2007 are

2004 320000 unit 86400 cost

200000 units sold 122500 $

2005 310000unit produce 86400 cost

290000 sold 175000$

2006 270000 unit produce 129600 cost

290000 sold 203000$

2007 220000 produce 99000 cost

200000 sold 150000 $

Calculate gross profits assuming inventory balance Calculate in term of

1 LIFO

2FIOFO