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Periodic Inventory by Three Methods The units of an item available for sale...

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Accounting

Periodic Inventory by Three Methods
The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 8 units at $33
Feb. 17 Purchase 11 units at $34
Jul. 21 Purchase 14 units at $37
Nov. 23 Purchase 17 units at $37
There are 8 units of the item in the physical inventory at December 31. The periodic inventory system is used. Round average unit cost to the nearest cent and final
answers to the nearest whole dollar, if required.
a. Determine the inventory cost by the first-in, 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. Round average unit cost to the two decimal places, and round your final answer to the
nearest dollar.
$
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