Question: Need help on this question please Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows:
Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan 1 Inventory 9 units at 549 Feb 17 Purchase 15 units at $51 M.21 Purchase units at 553 Nov. 23 Purchase 12 units at $54 There are units of the item in the physical inwestory at December 31. The periodic inventory system is used. Round average unit cost to the nearest cent and finalwers to the whole torrored *. Determine the inventory cost by the train, first method. b. Determine the inventory cost by the tastin, Test-out method Determine the inventory cost by the weighted average cost method
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
