Periodic Inventory Using FIFO, LIFO, and Welghted Average Cost Methods follows: The units of an item available for sale during the year were Jan. 1 Inventory 8 units at $4,300 $34,400 Aug. 7 Purchase 15 units at $4,500 67,500 Dec. 11 Purchase 12 units at $4,700 56,400 35 units $158,300 There are 17 units of the item in the physical Inventory at December 31. The periodic Inventory system is used. Determine the Inventory cost using (a) the first-In, first-out (FIFO) method; (b) the last-In, first-out (LIFO) method; and (c) the 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) b. Last-In, first-out (LIFO) Weighted average cost