Book Show Me How Periodic Inventory by Three Methods The units of an item available...
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Book Show Me How Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 14 units at $41 Feb. 17 Purchase 8 units at $43 Jul. 21 Purchase 8 units at $45 Nov. 23 Purchase 17 units at $47 There are 5 units of the item in the physical inventory at December 31. The periodic Inventory system is used. Round average unit cost to one decimal and final answers to the nearest whole dollar if required. a. Determine the inventory cost by the Wristin, first-out method, $ b. Determine the inventory cost by the last-in, first-out method. c. Determine the inventory cost by the weighted average cost method Previous Next)
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