Please answer the following questions, Thanks

Question 1

Ruxton Company, which uses a periodic inventory systemI had a beginning inventory on May 1, of 400 units of Product A at a cost of $14 per unit. During May, the following purchases and sales were made. Eumhascs Sales May 6 375 units at $18 May 4 275 units 14 250 units at $20 8 350 units 21 300 units at $22 17 400 units 28 425 units at $26 24 _225 units 1,350 1,250 Instructions: Calculate the May 31 ending inventory and May cost of goods sold under (a) Average Cost, (b) FIFO, and {c} LIFO. Provide appropriate supporting calculations. (a) Average Ending Inventory = $ : Cost of Goods Sold = $ (b) FIFO Ending Inventory = $ : Cost of Goods Sold = 5 (c) LIFO Ending Inventory = $ : Cost of Goods Sold = $ Below is a partial listing of accounts in the general ledger of Carey Cc. Carey uses a periodic inventory system. Instructions: Place an X in the appropriate column to designate whether the account should be closed at year end and, if so, whetherthe appropriate closing entry would require a debit or credit to the account. Not M Account Closed Debit Credit 1. Purchase Returns and Allowances 2. Freight In 3. Sales 4. Merchandise Inventory (Ending) 5. Sales Returns and Allowances 6. H. Carey, Drawings 7. Freight Out 8. H. Carey. Capital 9 Merchandise Inventory (Beginning) 10. Cash