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* Question Completion Status: Records for the month indicate the following information regarding 48 oz cans of tomato juice in inventory at Jim's Place. Opening
* Question Completion Status: Records for the month indicate the following information regarding 48 oz cans of tomato juice in inventory at Jim's Place. Opening inventory on the first of the month Purchased on the 7th of the month Purchased on the 15th of the month 11 cans @ $1.54 = $16.94 8 cans @ $1.67 = $13.36 9 cans @ $1.58 = $14.22 Purchased on the 26th of the month 8 cans @ $1.55 = $12.40 A physical inventory on the last day of the month shows the following: Opening Inventory 11 cans + Purchases during the month 25 cans = Total available 36 cans - Closing inventory 19 cans 17 cans = Units consumed Assign values to the units in closing inventory using the following methods: First in, first out, weighted average purchase price, latest purchase price, last in, first out. FIFO LIFO WEIGHTED AVERAGE LATEST PURCHASE PRICE
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