G Periodic Inventory Using FIFO, LIF X + .com/ilm/takeAssignment/take AssignmentMain.do?invoker=&take AssignmentSessionLocatore be Dich Student Home ollowing selected tr... FIU Login eBook Show Me How Calculator Print Item Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 40 units at $165 $6,600 Aug. 13 Purchase 200 units at $180 36,000 Nov. 30 Purchase 60 units at $200 12.000 Available for sale 300 units $54,600 There are 75 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- (LIFO) method; and (c) weighted average cost method. a. First-in, first-out (FIFO) method b. Last-in, first-out (LIFO) method c Weighted average cost method Check My Work All work saved