Question: 3. PE.07-05.ALGO (Algorithmic) Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were

3. PE.07-05.ALGO (Algorithmic) 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 9 units at $26 $234 Aug. 7 Purchase 18 units at $28 504 Dec. 11 Purchase 11 units at $29 319 38 units $1,057 3. PE.07-05.ALGO (Algorithmic) 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 9 units at $26 $234 Aug. 7 Purchase 18 units at $28 504 Dec. 11 Purchase 11 units at $29 319 38 units $1,057

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