Periodic inventory using FIFO Lipo and weighted average cost methods. the units of an item...
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Accounting
Periodic inventory using FIFO Lipo and weighted average cost methods. the units of an item available for sale during the year as follows:
January inventory units at $ $
August. purchase units at $
November. purchase units at $
available for sale units $ There are units of the item in the physical inventory December The periodic inventory system is used determine the inventory cost using the a firstin firstout FIFOmethod;b lastin firstout LIFO method; and cweighted average cost method round per unit cost to two decimal places in your final answer to the nearest whole dollar
a firstin firstout FIFO
blast in first out LIFO fill in the blank.
c weighted average cost? $fill in the blank
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