When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. Iast-in, first-out (LIFO) C. weighted average (AVG) Evansville Company had the following transactions for the month. Calculate Gross Margin - FIFO (Show your work) Calculate Gross Margin - LIFO (Show your work) Calculate Gross Margin - AVG (Show your work)