(Solution) - The units of an item available for sale during the are 48 -(2025 Original AI-Free Solution)

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The units of an item available for sale during the year were as follows:

There are 48 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using
(a) The first-in, first-out (FIFO) method;
(b) The last-in, first-out (LIFO) method; and
(c) The average costmethod.