Dugan Sales had the following transactions for jackets in 2014, its first year of operations:

Jan. 20	Purchased 85 units @ $16 =	$	1,360
Apr. 21	Purchased 424 units @ $18 =		7,632
July 25	Purchased 232 units @ $21 =		4,872
Sept. 19	Purchased 137 units @ $28 =		3,836

During the year, Dugan Sales sold 825 jackets for $63 each.

Required

a.

Compute the amount of ending inventory Dugan would report on the balance sheet, assuming the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. (Round intermediate calculations and final answers to nearest whole dollar amount. B. Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions