Chapter 7 HMWK eBook Show Me How 3. TMM.07.03 Periodic Inventory by Three Methods 4. TMM.07.04 The units of an item available for sale during the year were as follows: 5. TMM.07.05 Jan. 1 Inventory 1,075 units @ $132 Feb. 17 Purchase 1,380 units @ $133 6. TMM.07.07 July 21 Purchase 1,640 units @ $134 7. PE.07.01.ALGO Nov. 23 Purchase 1,140 units @ $136 There are 1,215 units of the item in the physical inventory at December 31. The periodic inventory system is used. 8. PE.07.02.ALGO a. Determine the inventory cost by the first-in, first-out method. 9. PE.07.03.ALGO 10. PE.07.05.ALGO b. Determine the inventory cost by the last-in, first-out method. 11. PE.07.08A c. Determine the inventory cost by the weighted average cost method. Do not round intermediate calculation and round final answer to the nearest whole dollar. 12. PE.07.08B 13. EX.07.12.ALGO 14. EX.07.13.ALGO 15. EX.07.20.ALGO 16. EX.07.21.ALGO 17. PR.07.04A Check My Work Check My Work