The units of an item available for sale during the year were as follows: January 11. February 27 November 21 Inventory P

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The Units Of An Item Available For Sale During The Year Were As Follows January 11 February 27 November 21 Inventory P 1 (24.36 KiB) Viewed 56 times

The units of an item available for sale during the year were as follows: January 11. February 27 November 21 Inventory Purchase Purchase 60 units @ $145 90 units @ $150 75 units @ $154 There are 48 units of the item in the physical inventory at December 31. The periodic inventory system is used. a. Determine the inventory cost by the first-in, first-out method. 26,358 b. Determine the inventory cost by the last-in, first-out method. 26,790 c. Determine the inventory cost by the weighted average cost method. 26,550