periodic inventory by three methods; cost of merchandise sold:

The units of an item available for sale during the year were as follows:

Jan 1. inventory 90 units at $54

Mar 10purchase 112 units at $55

Aug 30. purchase 100 units at $58

Dec 12 purchase 98 units at $60

There are 104 units of the item in the physical inventory at Dec 31. The periodicinventory system is used. Determine the inventory cost and the cost of merchandise sold by three methods, presentingthe answers in the following form:

_ cost

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inventory method merchandise inventory merchandise sold

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a First-in,first-out $

b. Last-in, first-out

c. Weighted average cost