Santa Claus Basket Co. sells baskets and uses a periodic inventory approach. The Banger Basket is one of the baskets it sells and this brand had the following beginning inventory, purchase, and sales history for the current year: Cost per Number of Baskets 8 10 4 22 15 Basket $144.00 $150.00 $175.00 January 1 inventory August 15 purchases December 10 purchase Available for sale September 1 sales December 31 inventory Total Cost $1,152.00 $1,500.00 $700.00 $3.352.00 The selling price of the basket was $250. QUESTION 1 Determine ending inventory as of December 31 if the FIFO cost flow assumption is used QUESTION 2 Determine the cost of goods sold at December 31 if the FIFO cost flow assumption is used. QUESTION 3 Determine gross profit as of December 31 if the FIFO cost flow assumption is used QUESTION 4 Determine ending inventory as of December 31 if the LIFO cost flow assumption is used. QUESTION 5 Determine the cost of goods sold as of December 31 if the LIFO cost flow assumption is used QUESTION 6 Determine the gross profit margin as of December 31 if the LIFO cost flow assumption is used