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Business, 18.12.2019 23:31 jholland18

The units of an item available for sale during the year were as follows:

january 11 inventory 60 units @ $145

february 27 purchase 90 units @ $150

november 21 purchase 75 units @ $154

there are 48 units of the item in the physical inventory at december 31. the periodic inventory system is used.

determine the inventory cost by

(a) the first-in, first-out method,

(b) the last-in, first-out method, and

(c) the average cost method.

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The units of an item available for sale during the year were as follows:

january 11 inv...

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