PLEASE HELP WITH THESE. I AM SO CONFUSED. THANK YOU I APPRECIATE

For questions 11 - 13 assume the company uses Last-in, First-out (LIFO) inventory valuation.

11. $_____________Calculate ending inventory (LIFO)

12. $_____________Calculate cost of goods sold (LIFO)

13. $_____________ Calculate gross profit (LIFO)

For questions 14 - 16 assume the company uses Weighted Average cost inventory valuation.

14. $_____________Calculate ending inventory (WA)

15. $_____________Calculate cost of goods sold (WA)

16. $_____________Calculate gross profit (WA)

17. Based on the above, which method would show a larger net income number? (FIFO, LIFO or WA)

Use the following to answer questions 18 21

GO Inc., begins the year with inventory of $33,700 and ends the year with inventory of $46,200. During the year, the following amounts are recorded:

Sales	$845,000
Sales returns & allowances	5,000
Sales discounts	9,500
Purchases	598,500
Operating expenses	198,500

18. $_____________Net Sales

19. $_____________Calculate cost of goods sold

20. $_____________ Gross profit

21. ___ ___. __% Gross profit ratio (rounded to once decimal place)