Question: mentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inprogress false cat ES Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1

 mentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inprogress false cat ES Periodic Inventory by Three Methods The units

of an item available for sale during the year were as follows:

mentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inprogress false cat ES Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 1,070 units @ $120 Feb. 17 Purchase 1,410 units @ $121 Jul. 21 Purchase 1,595 units @ $122 Nov. 23 Purchase 1,135 units @ $123 There are 1,210 units of the item in the physical inventory at December 31. The periodic inventory system is used. Do not round intermediate calculation and round final answer to nearest whole value. a. Determine the inventory cost by the first in, first-out method. $ 90,720 X b. Determine the inventory cost by the last-in, first-out method. $ 76,800 x c. Determine the inventory cost by the weighted average cost method. $ 84,000 X Feedback Chock My Work 40 of 7:06 PM 11/11/2019 delete insert prt sc Toll signmentMain.do?invoker-assignments&take AssignmentSessionlocator assignment-takeinprogress-fake plicat Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 1,070 units @ $120 Feb. 17 Purchase 1,410 units @ $121 Jul. 21 Purchase 1,595 units @ $122 Nov. 23 Purchase 1,135 units @ $123 There are 1,210 units of the item in the physical inventory at December 31. The periodic inventory system is used. Do not round intermediate calculation and round final answer to nearest whole value. a. Determine the inventory cost by the first-in, first-out method. $ 5,553,34 X b. Determine the inventory cost by the last in first-out method. $ 76,800 x C. Determine the inventory cost by the weighted average cost method. $ 84,000 X Feedback - Chocky Work DISC backspace 110

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!