The following information was drawn from the inventory records of Alpha Company as of December 31, Year 2.

Which of the following is the gross margin assuming Alpha uses a FIFO cost flow method?

The following information pertains to Ping Company for 20XI. Ending inventory consisted of 30 units. Ping sold 210 units at $50 each. All purchases a Compute the gross margin for Ping Company using the following cost flow assumption: (1) FIFO, (2) LIFO, and (3) weighted average. The following information was drawn from the inventory records of Alpha Company as of December 31 , Year 2