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

A. 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.)B.What is the dollar amount of difference in net income between using FIFO versus LIFO? (Ignore income tax considerations.) C. Determine the cash flow from operating activties, 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.)

Weighted Average FIFO LIFO Cash flows from operating activities Cash inflow from customers Cash outflow for inventory Net cash flow from operating activities