Question: Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Inventory
Periodic Inventory Using IFO, LFO, and Weightied Average Cost Methods The units of an item avaitable for sale during the year were as follows: Theie are 12 units of the item in the phrsacal inventory at December 31 , The penodk inveotory system in usind. Determane the inveritory cost using the (a) first-in, first-out (Firo) method; (b) tast in, first-out (Uto) method; and (c) weighted averaje cont method (round per-unit cost to tro idecimal places and your final answer ta the nearest whole dollar)
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