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he units of Manganese Plus available for sale during the year were as follows: ...

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Accounting

he units of Manganese Plus available for sale during the year were as follows:

Mar. 1 Inventory 23 units @ $29 $667
June 16 Purchase 32 units @ $30 960
Nov. 28 Purchase 45 units @ $35 1,575
100 units $3,202

There are 16 units of the product in the physical inventory at November 30. The periodic inventory system is used.

a. Determine the inventory cost by the FIFO method.

b. Determine the inventory cost by the LIFO method.

c. Determine the inventory cost by the weighted average cost methods. Round intermediate calculations and final answer to two decimal places.

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