Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: 40 units at $90 70 units at $102 Aug. 30 20 units at $108 Dec. 12 70 units at $112 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. Round interim calculations to one decimal and final answers to the nearest whole dollar. Jan. 1 Mar. 10 Inventory Purchase Purchase Purchase Cost of Ending Inventory and Cost of Goods Sold Inventory Method Ending Inventory First-in, first-out (FIFO) $ Last-in, first-out (LIFO) Weighted average cost Cost of Goods Sold

Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: 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. Round interim calculations to one decimal and final answers to the nearest whole dollar. Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: 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. Round interim calculations to one decimal and final answers to the nearest whole dollar