Question: help mee please Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Methods The units of an item available for sale during the year were
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 15 units at $44 $660 Aug 13 Purchase 11 units at $45 495 282 Nov 30 Purchase units at $47 Available for sale $1437 There are 13 units of the them in the physical inventory at December 31. The pertodic inventory system is used. Determine the very using the () fr and (c) weighted average cost method pround perunt cost to two decimal places and your final to the ear 589 X 587 X 584 First, fint-out (FIFO) Latin, first-out (LFD) Weighted average cost LIPO Periodic Inventory Using FIFO, LIFO, end Weighted Average Cost Method Jan. 1 Aug 13 Nov 30 Inventory Purchase Purchase $660 495 282 Available for sale $1,437 There are 13 units of the hem in the physical inventory at December 31. The periodic inventory system is uned. Determine the inventory est using the (a) finit-in, first-out (FFO) method) aout (FO and weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole) 589 X 587 X 15 unitat 144 11 units at 145 6 units at $47 32 units Finti fint (FIFO) Last, fest-out (LIFO) Weighted average cont 584
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