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 13 units at $50 $650 Aug. 13 Purchase 20 units at $52 1,040 Nov. 30 Purchase 10 units at $54 540 Available for sale 43 units $2,230 There are 21 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) 1,134 X b. Last-in, first-out (LIFO) Welghted average cost Feedback