Question: Calculate the value of closing inventory using: Weighted Average Method: Latest Purchase Price Method: First-In, First-Out Method: Last-In, First-Out Method: Penny Steak House has the

Calculate the value of closing inventory using: Weighted Average Method: Latest

Calculate the value of closing inventory using:

Weighted Average Method:

Latest Purchase Price Method:

First-In, First-Out Method:

Last-In, First-Out Method:

Penny Steak House has the following inventory records during last period's operation Price Quantity Opening Inventory Feb 2 Feb 5 Feb 15 Feb 25 Feb 28 4.25 6.75 4.75 5.25 5.00 4.75 85 250 400 320 200 400 CLOSING INVENTORY 450 Penny Steak House has the following inventory records during last period's operation Price Quantity Opening Inventory Feb 2 Feb 5 Feb 15 Feb 25 Feb 28 4.25 6.75 4.75 5.25 5.00 4.75 85 250 400 320 200 400 CLOSING INVENTORY 450

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