The Units of Product YY2 Available for Sale During the Year

question 98

Essay

The units of Product YY2 available for sale during the year were as follows: $$\begin{array} { l l l l l } \text { Apr. 1 } & \text { Inventory } & 16 \text { units } & \text { at } & \$ 30 \text { each } \\\text { Jun. 16 } & \text { Purchase } & 30 \text { units } & \text { at } & \$ 33 \text { each } \\\text { Sep. 28 } & \text { Purchase } & 45 \text { units } & \text { at } & \$ 37 \text { each }\end{array}$$ ?
There are 17 units of the product in the physical ending inventory at March 31.The periodic inventory system is used.Determine the ending inventory cost by (a) FIFO, (b) LIFO, and (c) average cost methods.

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Definitions:

Dreaming

The experience of envisioned images, thoughts, or emotions during sleep, particularly in the REM (Rapid Eye Movement) phase.

Temporal Lobe

A region of the brain responsible for processing auditory information, as well as managing memory and emotion.

Lateral Fissure

A deep groove in the brain that separates the temporal lobe from the frontal and parietal lobes.

Longitudinal Fissure

The deep groove that separates the two hemispheres of the brain.