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there are 23 units of the item in the physical inventory at December 31. the periodic inventory system is used. Round average unit cost to

there are 23 units of the item in the physical inventory at December 31. the periodic inventory system is used. Round average unit cost to one decimal and final answers to the nearest whole dollar, if required
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Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 14 units at $44 Feb. 17 Purchase 8 units at $46 Jul. 21 Purchase 6 units at $48 Nov. 23 Purchase 19 units at $49 There are 23 units of the item in the physical inventory at December 31. The peri dollar, if required. a. Determine the inventory cost by the first-in, first-out method. $ 1,123 b. Determine the inventory cost by the last-in, first-out method. c. Determine the inventory cost by the weighted average cost method

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