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Jan. 1 Inventory 5 units at $47 $235

Aug. 7 Purchase 17 units at $49 833

Dec. 11 Purchase 10 units at

$50 500

32 units $1,568

There are 19 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the first-in, first-out (FIFO) method; the last-in, first-out (LIFO) method; and the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar).

First-in, first-out (FIFO)?

Last-in, first-out (LIFO)?

Weighted average cost?

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