w 9 plete the following table, which compares the effects of LIFO. FIFO, and weighted average or casting methods on the financial statements in periods of declining eventory conta we should be lowest, highest, or middle 4 points Weighted Financial Statement Element: Cast of Goods Sold Net Income Ending Merchandise Inventory 6) For each of the following business transactions list two examples of related accounting information system (AIS) activities: 6 points Accounting Information System Activities Business Transactions Sell merchandise inventory Purchase of goods or services Payroll