eBook Show Me How Calculator Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 7 units at $32 $224 Aug. 13 Purchase 595 17 units at $35 4 units at $37 Nov. 30 Purchase 148 Available for sale 28 units $967 There are 14 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) 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. Last-in, first-out (LIFO) C Weighted average cost Previous Next > Check My Work Email Instructor Save and Exit Submit Assignment for Grading F9 FM F10 FIZ F5 FT F6 FB % 5. 6