REC 1/2 inventory 300 units 3000 $ 2/2 purchases 500 units 75005 3/2 sold units 600 units for 1200$ cash 5/2 purchaes 400 units 1.45 per unit 6/2 units sold 450 units for 2.5$ for each Under 1) perpetual system - FIFO method and WA method compute Gross margin 1 2) under periodical system Compute Gross margin using FIFO and WA