Help with5,6,8,9,10

4) A company changes its inventory costing method each period in order to maximize net income. This is a violation of y principl A company whether a complex transaction should be recorded as an asset or an expense. Under the comervatism principle, they should choose is uncertain whether a comples transaction should be recorded as gain or loss. Under the conservatism principle, they should choose treat it a loss 7) A new average eest is when a business is using which of the following methods? calculated after each purchase Last-In, First-Out First In, First-out so A company purchased 100 units for s20 on January 31. It purchased 100 units for s30 on February 28, It sold 150 units for $45 each from March 1 through each First-in. First-out inventory costing method, what December 31. If the company uses the is the amount ofending inventory on December 31? A company purchased 100 units for $20 each 31. It hased units for s30 on February It sold 150 units 28. for $45 each from March 1 through on average-cost inventory costing method, what is the December 3 If the company uses the amount of ending inventory on December 31? A company purchased 100 units for s20 each on January It purchased 100 units for s30 on February units or $45 each from March 1 through December 31. If the company the inventory costing method, what uses F s the amount of Cost goods sold on the December 31 income statement