3. (4 Points) a.) Determine the Ending Inventory and Gross Profit using LIFO and FIFO for the quarter ending 3/31/Xx for Company W (a widget reseller) based on the following information (Inventory on 1/14/Xx-0): Action Date Amount Cost Purchase Purchase Purchase Sell Sell 1/15/XX 2/15/XX 3/15/XX 3/20/XX 3/25/XX 100 Widgets 200 Widgets 600 Widgets 400 Widgets 300 Widgets $10 per Widget S11 per Widget $12 per Widget $16 per Widget S16 per Widget FIFO Inventory LIFO Inventory FIFO Gross Profit LIFO Gross Profit