eBook Calculator Print Item Evansville Company had the following transactions for the month. Number Cost of Units per Unit Purchase $6,500 Purchase 7,500 Purchase 8,000 Calculate the gross margin for each of the following cost allocation methods, assuming Evansville sold just one unit of these goods for $10,000. Round your Intermediate calculations and final answers to the nearest dollar amount. Gross Margin A. First-in, First-out (FIFO) B. Last-in, First-out (LIFO) C. Weighted Average (AVG) When prices are rising (inflation), which costing method would produce the highest value for gross margin? First-In, First-out Feedback Check My Work Remember gross margin is the result of netting cost of goods sold against the sales revenue amount. How would gross margin be affected by the different cost assumptions for the calculation of cost of goods sold? Check My Work Previous Next > All work saved. Emainst Save and EXI Submit Assignment for Gradin