The units of Manganese Plus available for sale during the year were as follows: Mar....
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The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 22 units @ $31 $682 June 16 Purchase 33 units @ $33 1,089 Nov. 28 Purchase 37 units @ $36 1,332 92 units $3,103 There are 13 units of the product in the physical inventory at November 30. The periodic inventory system is used. Round answers to the nearest whole dollar. a. Determine the inventory cost by the FIFO method. $fill in the blank 1 b. Determine the inventory cost by the LIFO method. $fill in the blank 2 c. Determine the inventory cost by the average cost methods.
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