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Daniel Company uses a periodic inventory system. Data for the current year: beginning merchandise inventory ( ending inventory December 3 1 , prior year )

Daniel Company uses a periodic inventory system. Data for the current year: beginning merchandise inventory (ending inventory December 31, prior year),2,120 units at $37; purchases, 7,840 units at $39; expenses (excluding income taxes), $193,500; ending inventory per physical count at December 31, current year, 1,780 units; sales, 8,180 units; sales price per unit, $78; and average income tax rate, 30 percent. find me the gross profit for FIFO and LIFO and Average cost

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