Calculator Periodic Inventory Using FIFO, UFO, and weighted Average Cost Methods The units of an item available for sale during the year were as follows: Inventory 17 units at $29 Aug. 13 Purchase 20 units at $32 640 Nov. 30 Purchase 12 units at $33 Available for sale 49 units $1.529 There are 24 units of the item in the physical inventory at December 31. The periodic Inventory system is used. Determine the inventory cost using the first in, first- out (FIFO) method; (b) last-in, first-out (UF) method; and (c) weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar) First-in, first-out (FIFO) b. Lastin, first-out (FO) Weighted average cost Previous Next > Subm Test for Grading