Question: Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Method. The units of an item available for sale during the year were as follows: Jan.

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Method. The units of an item available for sale during the year were as follows: Jan. 1 Inventory 4 units at $39 $156 Aug. 13 Purchase 15 units at $40 600 Nov. 30 Purchase 15 units at $41 615 Available for sale 34 units $1,371

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