Ch 7-3 Exercises & Problems Show Me How Calculator eBook Print Item Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for sale during the year were as follows: an. 1 Mar. 10 Purchase Aug. 30 Purchase Dec. 12Purchase There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost and the cost of merchandise sold by three methods. Round interim calculations to one decimal and final answers to the nearest whole dollar 1. EX.07-15.ALGO 2. EX.07-03.ALGO 3. EX.07-04.ALGO 4. EX.07-08 Inventory 50 units $128 60 units $138 30 units $142 60 units $148 5. EX.07-13.ALGO 6. EX.07-18. ALGO Cost of Merchandise Inven Inventory Method Merchandise Inventory First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted average cost and Cost of Merchandise Sold Merchandise Sold Check My Work 2 more Check My Work uses remaining. PreviousNext Progress: 5/6 items Assignment Score: 60.48% All work saved. Save and Exit Submit Assignment for Grading