4, 5, 6, and 7 plz!!

Jones Golf Pro Shop has a beginning merchandise inventory of $20,000. During the period, purchases were $60,000; purchase returns, $2,000; and freight-in $5,000. A physical count of inventory at the end of the period revealed that $10,000 was still on hand. The cost of goods available for sale was $77,000 $73,000 $83,000 $87,000 QUESTION 5 During periods when inventory costs are rising, the cost of goods sold will most likely be: higher under FIFO than LIFO. higher under FIFO than average cost. lower under average cost than LIFO. lower under LIFO than FIFO. QUESTION 6 Using the weighted average method, ending inventory value is calculated by taking the total purchases divided by total units purchased to get an average cost per unit. Then these are multiplied by total units sold to get the Ending Inventory value. True O False QUESTION 7 During periods of rising costs, LIFO generally results in higher ending inventory balance. O True False