Question 1) Under average costing:

		COGS reflects the cost of the items purchased earliest.
		COGS reflects the cost of items from the earliest and most recent purchases.
		COGS reflects the cost of the most recently purchased items.

Question 2) Under average 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.

Question 3) Under FIFO costing:

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

Question 4) 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.