Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 40 units at $96 Mar. 10 70 units at $104 Aug. 30 30 units at $112 Dec. 12 Purchase 60 units at $118 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. In your calculations round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar. Inventory Purchase Purchase Cost of Ending Inventory and Cost of Goods Sold Inventory Method First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted average cost Ending Inventory Cost of Goods Sold $ $ I

Arrindic inventory by three methinds; cost of goods wold The unats of an inem avilable for sale during the year were as follows: There arr 60 units of the item in the physical iventory at December at. The penodic inventory vysiem is used. Detemine the endieg inventory cost and tue cost of poods sold ty three methods. In vour calculations reand average usit cost to the nearest ceut, and round all other calculations and your final answers to the nearest dollar