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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

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 Inventory 30 units at $108
Mar. 10 Purchase 70 units at $116
Aug. 30 Purchase 30 units at $122
Dec. 12 Purchase 70 units at $124
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.
CostofEndingInventoryandCostofGoodsSoldInventoryMethodEndingInventoryCostofGoodsSold
First-in, first-out (FIFO) $
Last-in, first-out (LIFO)
Weighted average cost
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