Problem 17.1A Computing inventory costs under different valuation methods. LO 17-1 The following data concerns inventory and purchases at Muse Company. 95 units at $108 Inventory, January 1 Purchases: January 6 January 15 January 22 Inventory, January 31 65 units at $107 50 units at $107 40 units at $101 93 units a. Determine the cost of the ending inventory on January 31 under the average cost method. b. Determine the cost of the ending inventory on January 31 under the first in, first out (FIFO) method. c. Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method. Analyze: Which inventory valuation method resulted in the highest dollar amount for ending inventory? Complete this question by entering your answers in the tabs below. Average Cost FIFO LIFO Analyze Determine the cost of the ending inventory on January 31 under the average cost method. (Round your "average cost per unit" answer to 2 decimal places.) Average Cost Merchandise available for sale | Ending Inventory Number of Average Unit cost Total cost | NL Total cost Number of units units cost per Total cost unit Beginning Inventory, January 1 Purchases: January 6 January 15 January 22 Total Average Cost FIFO LIFO Analyze Determine the cost of the ending inventory on January 31 under the first in, first out (FIFO) method. FIFO Merchandise available for sale Ending Inventory Number of Unit cost Total cost Total cost Number of Unit cost Total cost units units Beginning Inventory, January 1 Purchases: January 6 January 15 January 22 Total Average Cost FIFO LIFO Analyze Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method. LIFO Merchandise available for sale Number of Unit cost Total cost units Ending Inventory Number of Unit cost units Total cost Beginning Inventory, January 1 Purchases: January 6 January 15 January 22 Total Average Cost FIFO LIFO Analyze Which inventory valuation method resulted in the highest dollar amount for ending inventory? highest ending inventory valuation method