accounting

Warnerwoods company uses a perpetual inventory system. It entered into the following purchases and sales transactions for march. (for specific identification, the march 9 sale consisted of 80 units from beginning inventory and 340 units from the march 5 purchase; the march 29 sale consisted of 40 units from the march 18 purchase and 120 units from the march 25 purchase.)

I need to know:

1. FIFO method:

Cost of Goods Sold _______________________________

Ending Inventory _________________________________

2. LIFO method:

Cost of Goods Sold _______________________________

Ending Inventory __________________________________

3. Weighted Average method:

Cost of Goods Sold _______________________________

Ending Inventory __________________________________

4. Which inventory method would report the highest Net Income?

5. When prices are rising (inflation), which inventory method would result in the highest Net Income?