Periodic Inventory by Three Methods The units of an item available for sale during the...
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Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 1,035 units $128 Feb 17 Purchase 1,405 units 5129 Jul 21 Purchase 1,580 units 5130 Nov. 23 Purchase 1.130 units $132 There are 1,205 units of the item in the physical Inventory at December 31. The periodic inventory system is used. Do not round Intermediate calculation and round final answer to nearest whole value. a. Determine the inventory cost by the first in, first-out method, b. Determine the inventory cost by the fast-in, first-out method t. Determine the inventory cost by the weighted average cost method
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