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eBook Show Me How Calculator Printer Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for Meta-B1 are as follows: July 1 Inventory 100 units at $400 12 Sale 70 units 23 Purchase 120 units at $450 26 Sale 110 units a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 23 purchase per unit b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on July 26 c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on July 31 ebook Show Me How Calculator Print tem Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 13 units at $29 $377 Aug. 7 Purchase 19 units at $31 5 89 Dec 11 Purchase 12 units at $33 396 44 units 51.362 There are 18 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first in, for (FIFO) method; (b) the last-in, fest out (LIFO) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to nearest whole dollar), First-in, first-out (FFO) D. Lustin, first-out (UTO) Weighted average cost HOW Me How Print tem Lower-of-cost-or-Market Method On the basis of the data shown below: Inventory Cost per Quantity Unit Market Value per Unit (Net Realizable Value) Item 1A17 $52 $55 83 160 V231 Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9