There are 36 units of the item in the physical inventory at

Reference no: EM13605019

The units of an available for sale during the year were as follows:
Jan. 1 Inventory 42 units at $60
Mar. 10 Purchase 58 units at $65
Aug. 30 Purchase 20 units at $68
Dec. 12 Purchase 30 units at $70
There are 36 units of the item in the physical inventory at Dec 31. The periodic inventory system is used. Determine the inventory cost and the cost of merchandise sold by three methods. Inventory Method- FIFO, LIFO, and average cost. Merchandise inventory. Merchandise Sold

Reference no: EM13605019

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