{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-12T11:18:18-04:00", "answer_date": "2024-09-12 11:18:18", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10479083", "url": "\/study-help\/questions\/periodic-inventory-using-fifo-lifo-and-weighted-average-cost-method-10479083", "question_creation_date_js": "2024-09-12T11:18:18-04:00", "question_creation_date": "Sep 12, 2024 11:18 AM", "meta_title": "[Solved] Periodic Inventory Using FIFO, LIFO, and | SolutionInn", "meta_description": "Answer of - Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Method. The units of an item available for sale during | SolutionInn", "meta_keywords": "periodic,inventory,fifo,lifo,weighted,average,cost,method,units,item,sale,year", "question_title_h1": "Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Method. The units of an item available for sale during the year were as follows: Jan.", "question_title": "Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Method. The units", "question_title_for_js_snippet": "Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Method The units of an item available for sale during the year were as follows Jan 1 Inventory 12 units at $37 $444 Aug 13 Purchase 15 units at $38 570 Nov 30 Purchase 14 units at $40 560 Available for sale 41 units $1,574 There are 16 units of the item in the physical inventory at December 31 The periodic inventory system is used Determine the inventory cost using (a) the first in, first out (FIFO) method (b) the last in, first out (LIFO) method and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar) a First in, first out (FIFO) b Last in, first out (LIFO) Weighted average cost C", "question_description": "<\/span><\/span>
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\"image <\/div> Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Method. The units of an item available for sale during the year were as follows: Jan. 1 Inventory 12 units at $37 $444 Aug. 13 Purchase 15 units at $38 570 Nov. 30 Purchase 14 units at $40 560 Available for sale 41 units $1,574 There are 16 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar). a. First in, first out (FIFO) b. Last-in, first-out (LIFO) Weighted average cost C", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-12 11:18:18", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/business-communication\/is-a-measure-of-how-closely-new-1997582", "description": "______________ _____________ _____________ is a measure of how closely new employees meet a companys needs.", "stars": 0 }, { "url": "\/1-compute-the-profit-margin-ratio-for-shines-companies-for", "description": "1. Compute the profit margin ratio for Shines Companies for 2016. 2. Compute the rate of return on total assets for 2016. 3. 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