Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Method. The units of an item available for sale during the year were as follows: Inventory 13 units at $25 $325 Jan. 1 Aug. 13 Purchase 16 units at $26 416 Nov. 30 15 units at $28 44 units There are 19 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 weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). Purchase Available for sale a. First-in, first-out (FIFO) Last-in, first-out (LIFO) C. Weighted average cost b. 420 $1,161 DU $

Periodic Inventory Using FIFO, UFO, and Weighted Average Cost Method. The units of an item avaliable for sale dunng the year were as follows: There are 19 units of the item in the physical inventory at December 31 . The penos cinventory system is used. Determine the inventory cont using (a) the first-in, fintout (FIFO) method; (b) the last-in, frst-out (UFO) method; and (c) the weighted average cost method (round per-unit cost to two decimal places and your final answer the nearest whole dollar). Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Method. The units of an item available for sale during the year were as follows: There are 19 units of the item in the physical inventory at December 31 . The penodic inventory system is used. Determine the inveritory cost using (a) the first-in, firstout (FIFO) method; (b) the last-in, first-out (LFO) method; and (c) the weighted average cost method (round per-unit cost to two deomal places and your finat answer to the nearest whole dollar)