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Periodic inventory by three methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2 , 2
Periodic inventory by three methods
The units of an item available for sale during the year were as follows:
Jan. Inventory units at $
Feb. Purchase units at $
Jul. Purchase units at $
Nov. Purchase units at $ perform the required analysis, and input your answers in the questions below.
Open spreadsheet
a Determine the inventory cost by the firstin firstout method.
$
b Determine the inventory cost by the lastin firstout method.
s
c Determine the inventory cost by the weighted average cost method. Round your answer to the nearest dollar.
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