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 17 units at $46 $782 Aug. 13 8 units at $47 376 Nov. 30 13 units at $49 637 38 units Inventory Purchase Purchase Available for sale $1,795 There are 23 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

Penodic inventory ubing FIFO, LFO, and weighted average cont methode The units of an item avalable for sale during the vear were as foliows: There are 23 unts of the item in the physical inventory at December 3t. The periodic inventery system is used. Determine the inventory cost uting the (a) first-in, first-out (FFO) method; (b) last-in, fint-dut (UFO) method; and (C) weighted averape cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar)