question archive Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for sale during the year were as follows: Jan
Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for sale during the year were as follows: Jan
Subject:AccountingPrice: Bought3
Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory Mar. 10 Purchase Aug. 30 Purchase Dec. 12 Purchase here are 60 units of the iten in the physical inventory at December 31. The periodic inventory system is used Determine the inventory cost and the cost of merchan calculations to one decimal and final answers to the nearest whole dollar. 50 units @ $118 50 units @ $126 30 units @ $134 70 units @ s138 andise sold by three methods. Round interim Cost of Merchandise Inventory and Cost of Mercha Inventory MethodMerchandise Inventory Mercha First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted average cost
