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two different pictures but same problem!! Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Methods The units of an item available for sale during
two different pictures but same problem!!
Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory , units at $252 $36 units at Aug. 7 Purchase 20 $38 760 Dec. units at Purchase 11 $39 429 11 38 units $1,441 There are 18 units of the item in the physical Inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) C. Weighted average cost The wormed the follows: Y? UM 3 1111 the 40 11 T How 18then there is Other meesters who tro) not Www Pering om www 11 11.41 nem the December they made her nur Antto)Step by Step Solution
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