Periodic Inventory Using FIFO, UFO, and weighted average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 9 units at $32 $288 Aug. 13 Purchase 8 units at $33 264 Nov. 30 Purchase 10 units at $34 340 Available for sale 27 units $892 There are 13 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the 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 finanswer to the nearest whole dollar) First-in, first-out (FIFO) b. Last-in, first-out (LIFO) Weighted average cost a C