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Periodic inventory using FIFO, LIFO, and weighted average cost methods

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

Date Line Item Description Units Cost per Unit Amount

Jan. $1$ Inventory $13$ units at $$38$ $$494$

Aug. $13$ Purchase $8$ units at $$40320$

Nov. $30$ Purchase $9$ units at $$41369$

Available for sale $30$ units $$1,183$

There are $18$ units of the item in the physical inventory at December $31.$ The periodic inventory system is used. Determine the inventory cost using the $($a$)$ first$-$in$,$ first$-$out $($FIFO$)$ method; $($b$)$ last$-$in$,$ first$-$out $($LIFO$)$ method; and $($c$)$ weighted average cost method $($round per$-$unit cost to two decimal places and your final answer to the nearest whole dollar$).$

Line Item Description Amount

a$.$ First$-$in$,$ first$-$out $($FIFO$)$ method $fill in the blank $1$

b$.$ Last$-$in$,$ first$-$out $($LIFO$)$ method $fill in the blank $2$

$694$

c$.$ Weighted average cost method $fill in the blank $3$

$710$