Question: Can someone help me with this Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: mirerarez 26 unitis of the item in the physical inventory at December 31. The periodic inventory system is used. Det average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). Feedbsok Theek My Woik a. When the FIFO method is used, costs are included in cost of goods sold in the order in which they were purcha b. When the LIFO method is used, the cost of the units sold is the cost of the most recent purchases. c. The average cost method is sometimes called the weighted average method. The average cost method uses the
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