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Question Content Area The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 24 units @ $29 $696
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The units of Manganese Plus available for sale during the year were as follows:
Mar. 1 | Inventory | 24 units | @ $29 | $696 |
June 16 | Purchase | 30 units | @ $35 | 1,050 |
Nov. 28 | Purchase | 41 units | @ $38 | 1,558 |
95 units | $3,304 |
There are 17 units of the product in the physical inventory at November 30. The periodic inventory system is used.
a. Determine the inventory cost by the FIFO method. $fill in the blank 1
b. Determine the inventory cost by the LIFO method. $fill in the blank 2
c. Determine the inventory cost by the weighted average cost methods. Round intermediate calculations and final answer to two decimal places. $fill in the blank 3
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