Question

Apparel Gifts & Textbooks x C Perpetual hventory Using! W + Online Couto marchandise od Orelogin sigment/ a ssignmentando invokerm enti Cengage Chery s tudent Ad * M Search results shirodex Interval International Dent X m ent Session Locator assignment-takeinprogress false Pedulie Anne Sunshine Heath Plan Westgate Rewards ACCESS Login Page Bookstore Periodic Inventory Using ouro, and weighted Average Cost Methods The units of stem walate for sale during the year were as follows: Jan. 1 vetary at 125 7 Purchase 19 28 532 Dec 11 purchase 11units at 820 There we 19 of them we cost method Ground is the camery December . The p cost to two decimales and your ic t ory system is used. Determine the inventory cousing (a) the first in first out fro) method: (b) the last to the nearest whole dollar first out (ro) method; and the weighted Flesti, first-out (FFO) Latin, Weighted average com :) ( Not

Answer 1

Average cost	27.69	=1163/42
a. First-in, first out (FIFO)	546	=(14*29)+(19-14)*28
b. Last-in, first out (LIFO)	505	=(9*25)+(19-9)*28
c. Weighted average cost	526	=19*27.69