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eBook Show Me How Print Item Periodic inventory by three methods The units of an item available for sale during the year were as
eBook Show Me How Print Item Periodic inventory by three methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 5,500 units at $4 Feb. 17 Purchase 6,400 units at $6 July 21 Purchase 6,000 units at $8 Nov. 23 Purchase 2,100 units at $10 There are 1,500 units of the item in the physical inventory at December 31. The periodic inventory system is used. a. Determine the inventory cost by the first-in, first-out method. X b. Determine the inventory cost by the last-in, first-out method. $ c. Determine the inventory cost by the weighted average cost method. Round average unit cost to two decimal places. Feedback
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