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Hi, I need some help with the below question The units of an item available for sale during the year were as follows: Jan. 1

Hi,

I need some help with the below question

The units of an item available for sale during the year were as follows:

Jan. 1 Inventory 20 units at $45 $900
Aug. 13 Purchase 8 units at $47 376
Nov. 30 Purchase 18 units at $48 864
Available for sale 46 units $2,140

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 the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar).

a. First-in, first-out (FIFO) A-$fill in the blank 1
b. Last-in, first-out (LIFO) B-$fill in the blank 2
c. Weighted average cost C-$fill in the blank 3

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