The units of an item available for sale during the year were as follows: There are 7 units of the item in the physical i

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answerhappygod
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The units of an item available for sale during the year were as follows: There are 7 units of the item in the physical i

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The units of an item available for sale during the year were asfollows:
There are 7 units of the item in the physicalinventory at December 31. The periodic inventory system isused. Determine the inventory cost using (a) the first-in,first-out (FIFO) method; (b) the last-in, first-out (LIFO) method;and (c) the weighted average cost method (round per unit cost totwo decimal places and your final answer to the nearest wholedollar).
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