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 Aug. 13 Purchase Nov. 30 Purchase Available for sale 16 units at $27 13 units at $29 8 units at $31 37 units Submit Answer a. First-in, first-out (FIFO) method b. Last-in, first-out (LIFO) method c. Weighted average cost method There are 22 units of the item in the physical inventory at December 31. The pepodic 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). Try Another Version $ $432 377 $ 248 $1,057

Periedic inventory ising Fro, Uiro, and nelghted arerage cast inethods The units of an item evelibile for sale during the year were as follows. whole doktar)