Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: There are 9

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: There are 9

Post by answerhappygod »

Periodic Inventory by Three Methods
The units of an item available for sale during the year were asfollows:
There are 9 units of the item in the physicalinventory at December 31. The periodic inventory system isused.
a. Determine the inventory cost bythe first-in, first-out method.$fill in the blank 1
b. Determine the inventory cost bythe last-in, first-out method.$fill in the blank 2
c. Determine the inventory cost by theweighted average cost method. Round average unit costto the nearest cent and final answers to the nearest whole dollar,if required.$fill in the blank 3
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply