Question 1 of 4 1 Points A company has the following inventory transactions: Date Transaction Units Price/Unit March 1 Beginning Balance 200 $4 March 4 Purchase 125 $6 March 12 Sell 250 $15 March 23 Purchase 100 $5 March 28 Sell 50 $15 (Note: Enter What is the company's Ending Inventory balance using LIFO in a periodic inventory system? $ numbers only; no symbols, spaces, commas, etc. Round final answer to the nearest whole number.) Mark for Review What's This? Question 2 of 4 1 Points A company has the following inventory transactions: Date Transaction Units Price/Unit March 1 Beginning Balance 200 $4 March 4 Purchase 125 $6 March 12 Sell 250 $12 March 23 Purchase 100 $6 March 28 Sell 50 $12 (Note: Enter What is the company's Cost of Good Sold using Average Cost in a periodic inventory system? $ numbers only; no symbols, spaces, commas, etc. Round final answer to the nearest whole number.) Mark for Review What's This? A company has the following inventory transactions: Date Transaction Units Price/Unit March 1 Beginning Balance 200 $5 March 4 Purchase 125 $7 March 12 Sell 250 $11 March 23 Purchase 100 $4 March 28 Sell 50 $11 % (Note: Enter numbers only; What is the company's Gross Profit Rate using FIFO in a periodic inventory system? no symbols, spaces, commas, etc. Round final answer to the nearest whole number.) Mark for Review What's This? Which of the following are true statements? (select all that apply) A. Companies will report higher gross profit when using LIFO, instead of FIFO, in a period of deflation. B. Companies will report higher COGS when using LIFO, instead of FIFO, in a period of deflation. C. Companies will report higher net income when using LIFO, instead of FIFO, in a period of inflation. D. Companies will report higher income tax expense when using LIFO, instead of FIFO, in a period of inflation. Mark for Review What's This? What's This