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The following data concerns inventory and purchases at Muse Company Inventory, January 1 80 units at $93 Purchases: January 6 50 units at $92 January

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The following data concerns inventory and purchases at Muse Company Inventory, January 1 80 units at $93 Purchases: January 6 50 units at $92 January 15 35 units at $92 January 22 25 units at $86 Inventory, January 31 68 units a. Determine the cost of the ending Inventory on January 31 under the average cost method. b. Determine the cost of the ending inventory on January 31 under the first in, first out (FIFO) method. c. Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method. Analyze: Which inventory valuation method resulted in the highest dollar amount for ending inventory? Complete this question by entering your answers in the tabs below. Average Cost FIFO LIFO Analyze Determine the cost of the ending inventory on January 31 under the average cost method. (Round your "average cost per unit" answer to 2 decimal places.) Average Cost FIFO LIFO Analyze Determine the cost of the ending inventory on January 31 under the average cost method. (Round your "average cost per unit" answer to 2 decimal places.) Merchandise available for sale Ending Inventory Average Cost Number of Number of Average Unit cost units Total cost units cost per Total cost unit Beginning Inventory, January 1 $ 0 Purchases: January 6 0 January 15 0 January 22 0 Total 0 $ 0 $ 0 til FIFO Complete this question by entering your answers in the tabs below. Average Cost FIFO LIFO Analyze Determine the cost of the ending inventory on January 31 under the first in, first out (FIFO) method. FIFO Merchandise available for sale Number of Unit cost units Total cost $ 0 Ending Inventory Number of Unit cost units Total cost Beginning Inventory, January 1 Purchases: January 6 January 15 January 22 Total 0 0 100 0 s 0 0 Average Cost LIFO > Complete this question by entering your answers in the tabs below. Average Cost FIFO LIFO Analyze Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method. LIFO Merchandise available for sale Number of units Unit cost Total cost $ 0 Ending Inventory Number of units Total cost Unit cost 0 Beginning Inventory, January 1 Purchases: January 6 January 15 January 22 Total 0 0 0 $ 0 0 $ 0

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