Multiple Choice
Solve the problem.
-Over a year period, a hardware store made the following purchases of hammers: 24 hammers at $6.89, 30 hammers at $6.08, 36 hammers at $4.69, and 26 hammers at $8.05. Inventory at the end of the year shows 35 hammers remain. Find the inventory value by (a) weighted average method, (b) FIFO Method, and (c) LIFO Method. Round final answers to the nearest cent
A) (a) $188.48
(b) $241.15
(c) $219.10
B) (a) $224.96 (b) $232.24
(c) $281.75
C) (a) $219.10 (b) $232.24
(c) $251.51
D) (a) $219.10 (b) $251.51
(c) $232.24
Correct Answer:

Verified
Correct Answer:
Verified
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