C is not 908,000

mu sessionLocator-assignment-t eBook Show Me How Calculator Periodic Inventory by Three Methods The units of an iten available for sale during the year were as follows: Jan. 1 Inventory Feb. 17 Purchase July Nov. 23 Purchase There are 1,200 units of the item in the physical inventory a. Determine the inventory cost by the first-in, first-out method. 1,000 units at $120 1,375 units at $128 1,500 units at $136 1,125 units at $140 21Purchase at December 31. The periodic inventory system is used. 167,700 b. Determine the inventory cost by the last-in, first-out method. 145,600 Determine the inventory cost by the weighted average cost method