The inventory at September 1 and the purchases during September of a certain item of raw material were as follows:-

The inventory at September 30 is 1,800 pounds.
Assume a periodic inventory system. Compute the cost of the inventory on September 30 under each of the following cost-flow assumptions:
a FIFO.
b Weighted average.
c LIFO.

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9/1 Inventory 9/5 Purchased 9/14 Purchased 9/27 Purchased 9/29 Purchased 1,000 lb $ 4,000 13,500 3,000 lb 3,500 lb 17,500 3,000 lb 16,500 1,000 lb 6,000