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On November 1, Lacy Company began business with the purchase of 250 units of inventory for $21,625. During the month, Lacy had the following inventory

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On November 1, Lacy Company began business with the purchase of 250 units of inventory for $21,625. During the month, Lacy had the following inventory transactions Date November 6 Purchased 100 units $75 per unit 11 Sold 200 units 17 Sold 85 units 24 Purchased 100 units $125 per unit 28 Purchased So units O $110 per unit 30 Sold 100 units Required: Compute the cost of the inventory at the end of November under the following alternatives: Inventory Cost a. FIFO periodic b. FIFO perpetual c. LIFO periodic d. LIFO perpetual c. Weighted average f. Moving average (Round unit costs to 2 decimal places.)

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