Jones Company had the following inventory transactions occur during Year 1, its first year of operations: Date 211 3/14 5/1 6/1 Units 15 31 28 (50) 24 Cost per Unit $44 $46 $51 Purchase Purchase Purchase Sale Balance Jones Company sells units for S63 each and had selling expenses of $201. What is Jones Company's gross profit (margin) using LIFO? (rounded to the nearest whole dollar) O $740 O $764 O $710 O $860 O $3,150 What is Jones Company's ending inventory balance using FIFO?(rounded to the nearest whole dollar) O $1104 O $1.224 O $1,074 $1,128