need help with answers for 7-3, 7-5, 7-7, 7-8, 7-9 thank u

LO 7-1 M7-2 Reporting Goods in Transit Abercrombie & Fitch Co. reported the following in its financial statement notes. nbie & Fitch Co. Ending inventory balances ... include inventory in transit. Inventory in transit is considered to be all merchandise owned by Abercrombie & Fitch that has not yet been received at an Abercrombie & Fitch distribution center. LO 7-1 XO Group a. Has the inventory in transit been sold to Abercrombie & Fitch as FOB shipping point, or FOB destination? M7-3 Items Included in Inventory Indicate whether the following items should be included in the inventory of XO Group, a company that arranges and supplies wedding services for couples and other wedding consultants. Goods being held by XO Group on consignment from Emerald Bridal. b. Goods in transit to Winston Wedding Consultants, sold FOB shipping point by XO Group. Goods in transit to XO Group, purchased FOB shipping point by XO Group. M7-4 Reporting Inventory-Related Accounts in the Financial Statements For each of the following, indicate whether it would be reported on the balance sheet (B/S). reported on the income statement (I/S), or not shown in the company's financial statements (Not) a. Sales Revenue b. Inventory (held on consignment) c. Cost of Goods Sold d. Inventory (out on consignment) C. LO 7-2 M7-5 Matching Financial Statement Effects to Inventory Costing Methods Complete the following table by indicating which inventory costing method (FIFO or LIFO) would lead to the effects noted in the rows, for each of the circumstances described in the columns. 1. Declining Costs 2. Rising Costs a. Lowest net income b. Lowest ending inventory M7-7 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO Given the following information, calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used. Units Unit Cost Unit Selling Price 50 $10 Beginning Inventory Purchase 250 13 July 1 July 13 July 25 July 31 Sold 15 (100) 200 Ending Inventory M7-8 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic LIFO Complete the requirements for M7-7 assuming a periodic LIFO inventory system is used. M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic Weighted Average Cost Complete the requirements for M7-7 assuming weighted average cost is used in a periodic inventory system