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EX 6 - 1 2 Periodic inventory by three methods b . $ 6 , 0 0 0 EXCEL ONLINE SHOW ME HOW The units

EX 6-12 Periodic inventory by three methods b. $6,000
EXCEL ONLINE
SHOW ME HOW
The units of an item available for sale during the year were as follows: Jan.
1
Feb. 17 July 21
Nov. 23
Inventory Purchase
Purchase Purchase
5,500 units at $46,400 units at $66,000 units at $82,100 units at $10
There are 1,500 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost by the (a) first-in, first-out method, (b) last-in, first-out method, and (c) weighted average cost method.

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