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There are 1 , 5 0 0 units of the item in the physical inventory at December 3 1 . The periodic inventory system is
There are units of the item in the physical inventory at December The periodic inventory system is used.Periodic inventory by three methods
The units of an item available for sale during the year were as follows:
Jan. Inventory units at $
Feb. Purchase units at $
July Purchase units at $
Nov. Purchase units at $
determine the inventory cost by the first in first out method
determine the inventory cost by the last in first out method
determine the inventory cost by the wested average cost method. round average unit cost to two decimal places
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