Copy of Copy of

The units of an item available for sale during the year were as follows:

Jan	1	Inventory	11	units at	122
April	15	Purchase	132	units at	114
September	9	Purchase	23	units at	119

There are 44 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the average cost method. (Round to nearest whole dollar)