Question: Periodic inventory, using FIFO, LIFO, and weighted average cost method Periodic Inventory Using FIFO, UFO, and Weighted Average Cost Methods The units of an item

Periodic inventory, using FIFO, LIFO, and weighted average cost method

Periodic Inventory Using FIFO, UFO, and Weighted Average Cost Methods The units of an item avaitable for sale during the year were as follows: There are 13 units of the item in the ppysical inventory at December 31 . The periodic inventory system is used. Determine the inventory cust 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 deeimal places antf your final answer to the nearest whole dollar

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