There are 16 units of the item in thephysical inventoryat

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There are 16 units of the item in thephysical inventoryat December 31. The periodic inventory system is used.

Jan 1. Inventory 9 units at $360Feb 17. Purchase 18 units at $414July 21. Purchase 21 units at $468Nov. 23 Purchase 12 units at $495

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: EM13376592

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