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Business, 06.04.2021 01:00 angoraspinner

The units of an item available for sale during the year were as follows: List shows units of an item available for sale during the year. The details are: January 1; Inventory; 27 units at 400 dollars February 19; Purchase; 54 units at 460 dollars June 8; Purchase; 63 units at 520 dollars October 7; Purchase; 56 units at 550 dollars There are 45 units of the item in the physical inventory at December 31. Determine the cost of ending inventory using (a) the first-in, first-out method, (b) the last-in, first-out method, and (c) the weighted average cost method.

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