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:

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 8 units at $32 $256 Aug. 13 Purchase 12 units at $33 396 Nov. 30 Purchase 17 units at $34 578 Available for sale 37 units $1,230 There are 18 units of the item in the physical inventory at December 31. The periodic inventory syst average cost method (round per-unit cost to two decimal places and your final answer to the neares a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost 000

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