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

Use the following to answer questions 7 17

During September, KM Company sells 9,500 watches for $320.00 each. The company has the following inventory purchase transactions for September:

Date	Transaction	# of Units	Unit cost	Total Cost
1-Sep	Beginning Inventory	700	$215.00	$150,500
7-Sep	Purchase	6,000	$216.00	1,296,000
24-Sep	Purchase	3,300	$220.00	726,000
		10,000		$2,172,500

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)