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47. Given the following information, determine the ending inventory under FIFO, LIFO, and weighted average. Use the periodic system. Beginning Inventory Purchase Purchase 200

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47. Given the following information, determine the ending inventory under FIFO, LIFO, and weighted average. Use the periodic system. Beginning Inventory Purchase Purchase 200 units @ $20 = 4,000 100 units @ $22 = 2,200 80 units @ $23 = 1,840 50 units @ $27 = 1,350 Purchase Assume that 225 units were sold during the period.

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