Net change in cash and cash equivalent Using the following Information calculate the ending Inventory balance that would be reported at the end of the year if FIFO Inventory valuation method is used. Then calculate the COGS expense that would be reported at the end of the year if LIFO Inventory valuation method is used. Units Purchase Price Beginning Inventory Purchase #1 145 $ 24.99 95 $ 34.82 Purchase #2 63 $ 37.55 Purchase #3 Sales 10 $ 38.02 201 Ending Balance COGS 06 & Use the information In Question 5, the LIFO Inventory valuation method, and a retail sales price of $99.00 per unit. Allowance for doubtful accounts is $420. The allowance for doubtful accounts is 5.0% of total customer accounts receivable. What is the company's gross margin, Inventory turnover, and A/R turnover? Gross Margin (%) Inventory Turnover A/R Turnover