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The units of Manganese Plus available for sale during the year were as follows: Mar. 1. June 16 Nov. 28 Inventory Purchase Purchase 20
The units of Manganese Plus available for sale during the year were as follows: Mar. 1. June 16 Nov. 28 Inventory Purchase Purchase 20 units $32 5640 32 units 0 $35 1,120 44 units $35 1,540 96 units $3,300 There are 10 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. b. Determine the inventory cost by the LIFO method. c. Determine the inventory cost by the weighted average cost methods. Round intermediate calculations and final answer to two decimal places.
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