Aug. 13 Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Method. The units of an item available for sale during the year were as follows: Jan. 1 Inventory 14 units at $32 $448 Purchase 16 units at $34 544 Nov. 30 Purchase 13 units at $35 Available for sale 43 units $1,447 There are 16 units of the item in the physical Inventory at December 31. The periodic Inventory system w used. Determine the inventory cost using (a) the first in, first out (FIFO) method; (b) the last-in, first-out (uro) 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) 455 a First-in, first-out (FIFO) b. Last-in, first-out (LIFO) C. Weighted average cost