Question: Cozler Jewelers uses the periodic inventory system Following are the

Cozler Jewelers uses the periodic inventory system. Following are the data pertaining to the inventory on January 1, the beginning of the fiscal year; purchases during the year; and the inventory count on December 31.


Required
1. Determine the cost of the inventory on December 31 by the weighted-average-cost method. (Round to two decimal places.)
2. Determine the cost of the inventory on December 31 by the first-in, first-out method.
3. Determine the cost of the inventory on December 31 by the last-in, first-outmethod.


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  • CreatedOctober 21, 2014
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