q 16

q17

weighted avarage cost

Periodic imventory by three methods; cost of goods sold The units of an item avsitable for sale during the year were as followst There are 8o units of the item in the phisical inventory at December 31. The periodic isventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. In your calculations round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar. HFO and LIFO costs under perpetual inventory system The following units of an item were available for sale dufing the yeart The firm uses the pecpetusl ifiventory system, and there are 7 unts of the item on hand at the end of the vear. a. What is the fokal cost of the ending inventory atcarding to FFFO? 4 b. What is the total cost of the ending irventory according to LLFO? The units of an inem available tor sale during the year were as foligwt: out (FIF) method; (b) last-in, frek-out (LaFO) evethod; and (c) weighted average cost method (round per-unit cast to two decimat places and your final ans to the nearest whole doliar)