Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for sale during the year we

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Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for sale during the year we

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Periodic Inventory by Three Methods; Cost of MerchandiseSold
The units of an item available for sale during the year were asfollows:
There were 80 units of the item in the physicalinventory on December 31. The periodic inventory system isused.
Determine the inventory cost and the cost of merchandise sold bythree methods—round interim calculations to one decimal and finalanswers to the nearest whole dollar.
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