Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 4 units at $29 18 units at $32 14 units at $33 36 units Jan, 1 $116 Aug. 13 576 Nov. 30 462 Available for sale $1,154 There are 14 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) 555 X b. Last-in, first-out (LIFO) c. Weighted average cost Inventory Purchase Purchase

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 4 units at $29 18 units at $32 14 units at $33 36 units Jan, 1 $116 Aug. 13 576 Nov. 30 462 Available for sale $1,154 There are 14 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) 555 X b. Last-in, first-out (LIFO) c. Weighted average cost Inventory Purchase Purchase

Name: 6 Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Metho
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: 6 Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost MethodsThe units of an item available for sale during the year were as follows:4 units at $29$116Jan, 11Aug. 1318 units at $32576Nov. 3014 units at $33462Available for sale36 units$1,15