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 4 units at $27 Jan. 1 Aug. 13 Purchase 9 units at $30 Nov. 30 4 units at $31 Available for sale Purchase a. C. 17 units $108 000 270 There are 10 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine t out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two nearest whole dollar). First-in, first-out (FIFO) b. Last-in, first-out (LIFO) Weighted average cost 124 $502

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: There are 10 units of the item in the physical inventory at December 31 . The periodic inventory system is used. Determine out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two nearest whole dollar). Periodic Inventory Using FIFO, UFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: There are 10 units of the item in the physical inventery at December 31 . The periodic inventory system is used, Determine the inventory cost using the (a) first-in, firstout (FIFO) method; (b) last-in, first-out (UFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar)