CengageNOWV2 Online teaching and learning resource from Cengage Learning eBook Show Me How Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 1,040 units $134 Feb. 17 Purchase 1,395 units @ $136 July 21 Purchase 1,520 units @ $139 Nov. 23 Purchase 1,150 units $140 There are 1,225 units of the item in the physical Inventory at December 31. The periodic 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. Check My Work