Inventory by Three Methods The units of an item available for sale during the year were as follows: 20 units at $29 7 units at $31 9 units at $32 Jan. 1 Aug. 13 Nov. 30 Inventory Purchase Purchase Available for sale b. 36 units $580 217 288 $1,085 There are 22 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) Last-in, first-out (LIFO) C. Weighted aver Chapter 7 homework assignment take frame

Inventory by Three Methods The units of an item avaliable for sale during the year were as follows: There are 22 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, firstout (FIFO) method; ( D ) lest-in, first-out (UFO) method; and (c) weighted overoge cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar)