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The Shirt Shop had the following transactions for T$-$shirts for Year $1,$ its first year of operations:

Jan. $20$ Purchased $410$ units @ $ $12=$ $ $4,920$

Apr. $21$ Purchased $130$ units @ $ $13=1,690$

July $25$ Purchased $230$ units @ $ $14=3,220$

Sept. $19$ Purchased $80$ units @ $ $15=1,200$

During the year, The Shirt Shop sold $680$ T$-$shirts for $$20$ each.

b$.$ Compute the difference in gross margin between the FIFO and LIFO cost flow assumptions.