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The units of an item available for sale during the year were as follows: Jan. 1 0 ?Inventory 2 7 ?units @ $ 9 0
The units of an item available for sale during the year were as follows:
Jan. ?Inventory ?units @ $
Feb. ?Purchase ?units $$
July ?Purchase ?units $
Nov. ?Purchase ?units @ $
There are ?units of the item in the physical inventory at December ?The periodic inventory system is used.
a ?Determine the ending inventory cost using the firstin ?firstout method.
$
b ?Determine the ending inventory cost using the lastin ?firstout method.
$
c ?Determine the ending inventory cost using the weighted average cost method.
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