Donner Company is selling a piece of land adjacent to ins bosiness premises. An appraisal reported the market vaiue of the iand to be 5219.561 . Focus Company inhaly offered to buy the land for $180,210. The companies wetted on a purchase price of $214,152, On the same doy, another piece of land on the same bock sold for 5231,450, Under the cost concept, at what ameunt should the land be recorded in the accounting records of Focus Compsny? .3 314,131 b. 131,490 c. 1219.561 Periodic inventory by Three Hethods The units of an item available for ale during the year nere as follows: There are 6 units of the item in the phyical ifventory at December 31. The perhodic invertory snitem is used. a. Determine the inventory cost by the first-ini, fost out method. 5 b. Determine the inventory cost by the lastin, first-6ut mett od 1 c. Determine the inventory cost by the welghted average cost method. Mound average unit cost to the nearest cant and final answers to the nearest whole dollar, if required. 13