Question: Podic Inventory Using Co, and weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1

 Podic Inventory Using Co, and weighted Average Cost Methods The units

Podic Inventory Using Co, and weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 14 units at 39 Purchase 11 units at $41 451 Nov. 30 Purchase 5 units at $43 215 Available for sale $1,212 Aug 13 30 units There are 12 units of the item in the physical inventory at December 31. The periodic inventory sum is used. Determine the inventory cost method; (b) lastin, first out (FO) method; and (c) weighted average cost method (round per unit cost to two decimal places and your finalne First in first-out (FIFO) b. Last-in, first out (LIFO) Weighted average cost C

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