8) For the Desai Corporation, units of an item available for sale during the year were as follows: Nov. 1 Inventory 30 units @ $80 = $ 2,400 8 Purchase 120 units @ $83 = $ 9,960 17 Purchase 60 units @ $87 = $ 5,220 25 Purchase 90 units @ $88 = $ 7,920 300 units There are 47 units in the physical inventory at Dec. 31. The periodic inventory system is used. Determine the dollar value of the 47 units of the ending inventory by (a) the FIFO (first-in, first-out) method, (b) the LIFO (last-in, first-out) method, and (c) the Average Cost method