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Cowboy Ice Cream Company (CIC) had the following purchases of ice cream bars for Year 1 of operations Dan. 20 Apr. 21 July 25 Sept.

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Cowboy Ice Cream Company (CIC) had the following purchases of ice cream bars for Year 1 of operations Dan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 310 units 150 units 210 units 90 units $ $2,170 $9 1,350 $10 2.100 $12- 1.000 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 assumptions: () FIFO (2) LIFO, and (3) weighted average b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions, Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of ending inventory CIC would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. (Round intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) Required o. Compute the amount of ending inventory CIC would report on the balance sheet assuming the following cout flow assumptions in FIFO (2) LIFO, and (3) weighted average b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of ending inventory CIC would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. (Round intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) FIFO LIFO Weighted Average Ending inventory 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 assumptions: (1) FIFO (2) LIFO, and (3) weighted average. b. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions 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

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