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Periodic Inventory by Three MethodsThe units of an item available for sale during the year...

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Accounting

Periodic Inventory by Three MethodsThe units of an item available for sale during the year were as
follows:There are 16 units of the item in thephysical
inventoryat 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
thefirst-in, first-outmethod.
$b.Determine the inventory cost by
thelast-in, first-outmethod.
$c.Determine the inventory cost by the
weighted average cost method.

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