Module 3 Problem Set eBook Show Me How 1. EX.05.01 Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 2. BE.06.04.ALGO Jan. 1 Inventory 7 units at $37 $259 3. BE.06.02.ALGO Aug. 13 Purchase 11 units at $38 418 Nov. 30 Purchase 8 units at $39 312 4. BE.05.01.ALGO Available for sale 26 units $989 5. BE.06.01.ALGO There are 8 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). 6. BE.06.06.ALGO a. First-in, first-out (FIFO) 7. EX.05.04 b. Last-in, first-out (LIFO) 8. EX.06.02 C. Weighted average cost E 9. EX.05.02 10. EX.06.07 ALGO 11. BE.06.03.ALGO 12. BE.06.08 13. EX.05.06 14. BE.06.05.ALGO 15. BE.05.02 ALGO Progress: 14/15 items Check My Work Previous Next Assignment Score: 58.67% All work saved. Email Instructor Save and Exit Submit Assignment for Grading