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The following data concerns inventory and purchases at Muse Company Inventory, January 183 units at $96 Purchases January 6 53 units at $95 January 15 38 units at $95 January 22 28 units at $89 Inventory, January 31 75 units a. Determine the cost of the ending inventory on January 31 under the average cost method. b. Determine the cost of the ending inventory on January 31 under the first in, first out (FIFO) method. c. Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method Analyze: Which inventory valuation method resulted in the highest dollar amount for ending inventory? Analyze: Which inventory valuation method resulted in the highest dollar amount for ending inventory? Complete this question by entering your answers in the tabs below. Average Cost FIFO LIFO Analyze Determine the cost of the ending Inventory on January 31 under the average cost method. (Round your "average cost per unit" answer to 20 places.) Merchandise available for sale Ending Inventory Average Cost Number of Unit cost units Total cost Number of units Average cost per unit Total cost Beginning Inventory, January 1 Purchases: January 6 January 15 January 22 Total Average CON FIFO > Analyze Which Inventory valuation method resulted in the highest dollar amount for ending inventory? Complete this question by entering your answers in the tabs below. Average Cost FIFS LIFO Analyze Determine the cost of the ending inventory on January 31 under the first in, first out (FIFO) method. FIFO Merchandise available for sale Number of Unit cost Total cost units Ending Inventory Number of Unit cost Total cost units Beginning Inventory, January 1 Purchases: January 6 January 15 January 22 Total Analyze: Which inventory valuation method resulted in the highest dollar amount for ending inventory? Complete this question by entering your answers in the tabs below. Average Cost FIFO LIFO Analyze Determine the cost of the ending inventory on January 31 under the last in, first out (LIFO) method. Merchandise available for sale Ending Inventory LIFO Number of Number of Unit cost Total cost Unit cost Total cost units units Beginning Inventory, January 1 Purchases: January 6 January 15 January 22 Total Analyze: Which inventory valuation method resulted in the highest dollar amount for ending inventory? Complete this question by entering your answers in the tabs below. Average cost FIFO LIFO Analyze Which inventory valuation method resulted in the highest dollar amount for ending Inventory? Higholt ending inventory valuation method

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