Periodic Inventory by Three Nth ds The units of an item available for sale during the year were as follow 19 in sa Jan. 1 Inventory Feb. 17 Purchase Jul. 21 Purchase 20 s JO 11 units at $33 Nov. 23 Purchase 9 units at $35 There are 18 units of the item in the physical inventory at December 31. The periodic inventory system is used. Round average unit cost to the nearest cent and final answers to the nearest whole dollar, if required. a. Determine the inventory cost by the first in first-out method. b. Determine the inventory cost by the last-in, first-out method. $ C. Determine the inventory cost by the weighted average cost method. $ QUESTION 5 Which of the following could signal internal control problems within the accounting system (1) Safeguarding inventory in a locked warehouse (2) Abuse of alcohol or drugs (3) Gaps in transactions munbers Operating style of management 15) Sudden increase in slow payments a. 1 and 2 b. 3 and 5 c. 2 and 4 di 1 and 3 Periodic Inventory by Three Nth ds The units of an item available for sale during the year were as follow 19 in sa Jan. 1 Inventory Feb. 17 Purchase Jul. 21 Purchase 20 s JO 11 units at $33 Nov. 23 Purchase 9 units at $35 There are 18 units of the item in the physical inventory at December 31. The periodic inventory system is used. Round average unit cost to the nearest cent and final answers to the nearest whole dollar, if required. a. Determine the inventory cost by the first in first-out method. b. Determine the inventory cost by the last-in, first-out method. $ C. Determine the inventory cost by the weighted average cost method. $ QUESTION 5 Which of the following could signal internal control problems within the accounting system (1) Safeguarding inventory in a locked warehouse (2) Abuse of alcohol or drugs (3) Gaps in transactions munbers Operating style of management 15) Sudden increase in slow payments a. 1 and 2 b. 3 and 5 c. 2 and 4 di 1 and 3