Periodic Inventory - FIFO/LIFO/ Weighted Average Cost

Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 4 units at $40 Feb. 17 Purchase 16 units at 141 Jul 21 Purchase 13 units at $42 Nov. 23 Purchase 19 units at $42 There are 10 units of the tem in the physical inventory at December 31. The periodic inwentary system is used. Round average unt cost to one decimal and final answers to the nearest whole dollar, Frequired a. Determine the inventory cost by the first-n, first-rat method. b. Determine the inventory cost by the last-in, first-out method c. Determine the inventory cost by the weighted average cost method Previous Neat Ihr Save and Ek Suemit Assignment for Geading