In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 300 units at 56, (2) 400 units at 37, and (3) 200 units at $8. Assuming there are 380 units on hand, compute the cost of the ending inventory under the FIFO method and UFO method. Weather uses a periodic inventory system, FIFO Cost of the ending inventorys In its first month of operations, Weatherall Company made three purchases of merchandise in the following sequence: (1) 300 units at $6 (2) 400 units at $7, and (3) 200 units at $8. Calculate the average unit cost. (Round answer to 2 decimal places, .. 15.25.) Average unit costs Peosta Company identifies the following items for possible inclusion in the taking of a physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a) Goods shipped on consignment by Peosta to another company. (b) Goods in transit from a supplier shipped FOB destination. (c) Goods held on consignment from another company