The following information pertains to Baxter Company for 2014. Beginning inventory 50 units @ $15 Units purchased 310 units @ $20 Ending inventory consisted of 34 units. Baxter sold 326 units at $34 each. All purchases and sales were made with cash. Required Compute the gross margin for Baxter Company using the following cost flow assumptions: (1) FIFO, (2) LIFO, and (3) weighted average. (Round "Cost per unit" to 2 decimal places and final answers to nearest whole dollar amount.) What is the dollar amount of difference in net income between using FIFO versus LIFO? (Ignore income tax considerations.) Determine the cash flow from operating activities, using each of the three cost flow assumptions listed in Part a. Ignore the effect of income taxes. (Amounts to be deducted should be indicated with a minus sign.)