#5

Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: 1,025 units @ $132 Jan. 1 Inventory Feb. 17 Purchase 1,445 units $133 July 21 Purchase 1,610 units $134 Nov. 23 Purchase 1,150 units @ $135 There are 1,225 units of the item in the physical Inventory at December 31. The perlodic 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. Do not round intermediate calculation and round final answer to the nearest whole dollar