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 20 units at $27 Aug. 13 10 units at $29 Nov. 30 6 units at $30 36 units Inventory Purchase Purchase $540 $ 290 180 Available for sale $1,010 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). a. First-in, first-out (FIFO) method b. Last-in, first-out (LIFO) method c. Weighted average cost method

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