The following data concerns inventory and purchases at muse company.

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 31st under the last in, first out LIFO method

analyze: which inventory valuation method resulted in the highest dollar amount for ending inventory?

The following data concerns inventory and purchases at Muse Company. 87 units at $100 Inventory, January 1 Purchases: January 6 January 15 January 22 Inventory, January 31 57 units at $99 42 units at $99 32 units at $93 82 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 unit" answer to 2 decimal places.) Merchandise available for sale Ending Inventory Average Cost FIFO LIFO Analyze Determine the cost of the ending inventory on January 31 under the average cost method. (Round you answer to 2 decimal places.) Average Cost Merchandise available for sale Ending Inventory Number of Total cost Number of Average units units cost per Total cost unit Unit cost Beginning Inventory, January 1 Purchases January 6 January 15 January 22 oooo Total FIFO > - tans 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 Ending Inventory Number of Unit cost Total cost Number of units Unit cost units Total cost Beginning Inventory, January 1 Purchases January 6 January 15 January 22 Total 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. Merchandise available for sale LIFO Ending Inventory Number of Unit cost Total cost Nu Number of units units Unit cost Total cost Beginning Inventory, January 1 Purchases: January 6 January 15 January 22 Total Complete this question by entering your answers in the tabs below. Average Cost FIFO LIFO Analyze Which inventory valuation method resulted in the highest dollar amount for ending inventor highest ending inventory valuation method