Question 1) GlynnCo, a 20X1 start-up that uses the periodic method and weighted-average costing, makes the following merchandise purchases:

20X1	Units	Unit cost
March	400	$3.00
August	600	$3.50
20X2
February	550	$4.00
October	100	$5.05

At the end of 20X1, there are 350 units in ending inventory. If, in 20X2, GlynnCo sells 800 units, what is the 20X2 ending inventory?

	$777.50
		$772
		$768.50
		$832.31
		$905

Question 2) FiCo, which uses the periodic method and weighted-average costing, shows the following data:

	Units	Unit Cost
Beginning Inventory	96	$2.00
January 25 purchase	220	$2.25
March 25 purchase	544	$2.50
August 16 purchase	480	$2.80
November 26 purchase	160	$2.90

If FiCos year-end physical account shows 150 units on hand, FiCos balance sheet as of December 31 will show ending inventory of:

	$373.50
		$58.37
		$385.50
		$313.50
		$435

Question 3) ClackCo, a 20X1 start-up, uses the periodic method and LIFO costing. The company purchases merchandise as follows:

20X1	Units	Unit cost
March	450	$3.00
August	650	$3.50
20X2
February	550	$4.00
October	250	$5.00

In 20X1, ClackCo sells 750 units. At year-end 20X2, there are 500 units on hand. ClackCo's balance sheet as of December 31, 20X2, will show ending inventory of:

$2,850

$1,525

$2,350

$2,250

$1,650

Question 4) Alison Inc., which uses the perpetual method and moving-average costing, shows the following activity for January:

		Quantity	Unit Cost
January 1	beginning inventory	140	$6
January 8	sale	100
January 15	purchase	60	$5
January 20	sale	80
January 25	purchase	180	$4.50

What is the value of the ending inventory for the month?

$1,026
		$1,033.33
		$1,123.80
		$900
		$918

Question 5) Under LIFO costing:

		Ending inventory may include items from the earliest and most recent purchases.
		Ending inventory is always the items purchased earliest.
		Ending inventory is always the most recently purchased items.

PLEASE ANSWER ONLY IF YOU CAN ANSWER ALL OF THESE, DON'T ANSWER ONLY FIRST AND WRITE "IT IS THE POLICY OF CHEGG".

I know the policy and you should know that there are teachers on Chegg who solve all the questions, so spare this for them don't attempt.

I will upvote you if all the questions will be correct.