Use the following to answer questions 7-17 During Septembet, the company sells 950 watches for $250,00 each. The company has the following inventory purchase transactions for September: 7. What were company's sales for the period? For questions 8 - 10 assume the company uses First-in, First-out (Fifo) imventory valuation. 8. 5 Cakculate ending inventory (FIFO) 9. 5 Calculate cost of goods sold (FiFO) 10. s Calculate cross profit (FIFO) For questions 11 - 13 assume the company uses Last-in, First-out (uFo) inventory valuation. 11. $ Calculate ending inventory (uFo) 12. 5 Calculate cost of goods sold (tifo) 13. $ Calculate gross profit (LifO) For questions 14 - 16 assume the company uses Weighted Average cost imventery valuation. 14. Calculate ending inventory (WA] 15. $ Calculate cost of goods sold (WA) 16. Caiculate gross prodt (WA) 17. Based on the above, which method would show a larger net income number? (FIFO, UFO or WA)