Question: help, please.. Periodic Inventory Using FIFO, UFO, and weighted Average Cost Methods The units of an item available for sale during the year were as

 help, please.. Periodic Inventory Using FIFO, UFO, and weighted Average Cost

help, please..

Periodic Inventory Using FIFO, UFO, and weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 12 units at $43 Inventory Purchase $516 Aug. 13 9 units at $46 414 Nov. 30 Purchase 6 units at $48 288 Available for sale 27 units $1,218 There are 11 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) 3 Weighted average cost

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