5. EX.06.12 Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: 52 Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,300 units at $6 July 21 Purchase 3,000 units at $7 Nov. 23 Purchase 1,200 units at $8 There are 1,500 units of the item in the physical inventory at December 31. The periodic inventory system is used. a. Determine the inventory cost by the first-in, first-out method. $ b. Determine the inventory cost by the last-in, first-out method. c. Determine the inventory cost by the weighted average cost method. $ 6. BE.06.02 Perpetual Inventory Using FIFO nassignmentid=2755457