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 8 units at $36 $288 Aug. 13 Purchase 11 units at $38 418 Nov. 30 Purchase 18 units at $39 702 Available for sale $1,408 There are 15 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 (LFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar) 2. First-in, first-out (FIFO) blast in, first-out (Uro) 37 units Weighted average cost Accounting numeric field