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The units of an item available for sale during the year were as follows: Date Line Item Description Units and Cost Jan. 1 Inventory 1
The units of an item available for sale during the year were as follows:
Date Line Item Description Units and Cost
Jan. Inventory units at $
Feb. Purchase units at $
Jul. Purchase units at $
Nov. Purchase units at $
There are units of the item in the physical inventory at December The periodic inventory system is used. Round average unit cost to the nearest cent and final answers to the nearest whole dollar, if required.
a Determine the inventory cost by the firstin firstout method.
fill in the blank of $
b Determine the inventory cost by the lastin firstout method.
fill in the blank of $
c Determine the inventory cost by the weighted average cost method. Round average unit cost to the two decimal places, and round your final answer to the nearest dollar.
fill in the blank of $
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