Exercise $17\mathrm{.}7($Static$)$ Effect of various inventory cost valuations on cost of goods sold. LO $17-1$

Information about Woodville Company's inventory of one item follows. Assume that Woodville Company had sales of $$778,275\mathrm{.}00.$

Compute the gross profit under Average cost method, FIFO method, and LIFO method.

Note: Do not round your intermediate calculations and round your final answers to $2$ decimal places.