Dugan Sales had the following transactions for jackets in 2013, its first year of operations:

Jan 20 Purchased 80 units @ 15 = $1200

Apr 21 Purchased 420 units @ 16 = 6,720

July 25 Purchased 250 units @ 20 = 5,000

Sept 19 Purchased 150 Units @22 = 3,300

During the year Dugan Sales sold 830 jackets for $40 each.

a. Compute the amount of ending inventory Dugan would report on the balance sheet, Assuming the following cost flow assumptions: (1) FIFO (2) LIFO ans (3) weighted Average

b. Record the above transactions in general journal form and post T-accounts using (1) FIFO, (2) LIFO (3) weighed average. Use a separate set of journal entries and T- accounts for each method. assume all transactions are cash transactions.

c. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions