help! thanks!

fifo & lifo & weighted average

periodic and perpetual

2018 Purchases&Sales Data Date Pounds Purchased Purchase Price/PoundPounds Sold Sales price/Pound 25 $ 3.05 5-Jan 6-Jan 20-Jan 22-Jan 31-Jan 8.30 75 $ 3.20 35 8.30 3.25 40 $ 8.25 1-Feb 5-Feb 7-Feb 15-Feb 16-Feb 25 55 $ 90 $ 125 35 50 $ 75 $ 8.25 3.35 8.30 3.40 27-Feb 8.35 28-Feb 11-Mar 15-Mar 25-Mar 26-Mar 28-Mar 3.45 3.50 3.55 115 $ 8.50 8.60 110 110 $ 95 $ 8.75 9.00 1. Prepare the first quarter-ending cost of sales and ending inventory balances using the weighted average, LIFO and FIFO costing methods assuming a periodic inventory system 32) points 2 Determine the gross profit earned by WSM in the first quarter of 2018. (4 points) 3, If WSM is a publicy traded company, which inventory costing method would it prefer, if it could choose any method/system (FIFO periodic or, perpetual LIFO, periodic or perpetual)? (4 points) IIU& PETA sit in at the recent eling the board unanimously resolved to fix the fat squirrel problem with the following protocol 1. All faculty and students are to take and pass a course on squirrel sensitivity course 2 A $500,000 investment in the world-famous Wallace Squirrel Makeover (WSM). A key component of the incredibly effective WSM program is the Squirrel Fat Buster Box. Key features include: 1, A welcoming ice cream cone shaped entrance that lures the tubby creatures in. 2. A squirrel size treadmill station. After running 200 yards on the treadmill station about cup of ice cream flavored tofu nuggets are dispensed through a mechanically driven door. WSM purchases the nuggets from a student-based vegan manufacturer in Ann Arbor, Tofu ocks Inc. WSM program is growing leaps and bounds. Purchases (from Tofu Rocks) and seent sales (to K College and other fat-squirrel institutions) that have been prepared by ernal accounting are presented on the following page TE: The 2017 year-ending inventory of nuggets was 100 pounds that was purchased at $3.00 pound (prior purchase) and 50 pounds at $3.05 per pound (subsequent purchase.)