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Inventory cost by the first-in first-out method

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Reference no: EM13343577

Periodic Inventory by Three Methods

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

1891_Periodic Inventory.gif

There are 16 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.

b. Determine the inventory cost by the last-in, first-out method.

c. Determine the inventory cost by the average cost method.

Reference no: EM13343577

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