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Periodic inventory using FIFO, LIFO, and weighted average cost methods The units of an item available for sale during the year were as follows: There

Periodic inventory using FIFO, LIFO, and weighted average cost methods
The units of an item available for sale during the year were as follows:
There are 23 units of the item in the physical inventory at December 31. The perlodic inventory
system is used. Determine the inventory cost using the (a) first-in, first-out (FFO) method; (b)
last-in, first-out (LIFO) method; and (c) 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)
method
b. Last-in, first-out (LIFO)
method
c. Weighted average cost
method
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