Question: both please , if its a pic, make sure i can see the answer please Lower-of-Cost-or-Market Method On the basis of the following data, determine

both please , if its a pic, make sure i can see the answer please  both please , if its a pic, make sure i can
see the answer please Lower-of-Cost-or-Market Method On the basis of the following

Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-of-market to eac Inventory item, as shown in Exhibit 10. Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) JFWI 77 $29 $31 SAWS 162 15 12 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 14 units at $49 $686 Aug. 13 Purchase 12 units at 352 624 Nov. 30 Purchase 10 units at $53 530 Available for sale 36 units $1,840 There are 14 units of the item in the physicalloventory at December 31. The periodic Inventory system is used. Determine the Inventory cost using the (a) first in, first out (FLFO) method; (b) lastin, Test-out (LIFO) methods and cc) welghted average cost method (round per-unit cost to two decimal plocos and your final answer to the nearest whole doliat). a first-In, first-out (FIFO) b. Last-In, first-out (LIFO)

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