Cowboy Ice Cream Company (CIC) had the following purchases of ice cream bars for Year 1 of operations: Jan 20 Purchased Apr. 21 Purchased July 25 Purchased Sept. 19 Purchased 310 units 150 units 210 unit 90 units 57 - $2,170 99- 1.350 $10 - 2.100 $12 1.080 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) welghted 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) UFO, 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 Required A Required B > Required A Required B Compute the difference in gross margin between the FIFO and LIFO FIFO LIFO Difference Gross margin