Hi, can anyone help me with my homework problems?

Use this chart for the following two questions below

Sales and purchases for the month of June are:

Units Unit Cost

Beginning inventory 200 units at $2

Purchases during June 300 units at $3

Sales during June 400 units at $6

1. Under FIFO (periodic basis), the ending inventory on the balance sheet is assigned a total cost of

		$200
		$1,100
		$300
		$1,000
		None of the above

2.

Under LIFO (periodic basis), the cost of goods sold on the income statement is assigned a total cost of

		$200
		$1,100
		$300
		$1,000
		None of the above

3.

Ned Nate Company has experienced an average 30% gross margin rate. Beginning inventory on January 1, 2011, was $16,000, purchases for the month of January were $37,500, and sales for the month were $44,000. The estimated cost of inventory on hand January 31, 2011, is:

		$53,500.
		$40,300.
		$22,700.
		$9,500.
		None of the above.

4.

During a period of rising prices, which inventory cost flow assumption will generally reflect the highest cost of goods sold?

		LIFO.
		FIFO.
		Weighted average.
		Specific identification.
		None of the above.