Question: Inventory by Three Methods Inventory by Three Methods The units of an item avalibble for sale during the year were as follows. There are 46

Inventory by Three Methods

Inventory by Three Methods The units of an item avalibble for sale during the year were as follows. There are 46 units of the item in the physical inventory at December 31. The periodic inventory sritem is used. Determine the inventory cost under wach of the following methods. a. Determine the inventory cost by using the firstin, first-out methad b. Determino the inventory cost by using the last-in, first-out method. c. Determine the inventory cost by using the weighted average cost method. Round Intermediate calculation to cents then round final answer to the nearest whole dollar

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