Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan.1 Inventory Feb. 19 Purchase 26 units at $200 per unit 56 units at $230 per unit 61 units al $520 per unit June 8 Purchase Oct. 7 Purchase 60 units at $275 per unit There are 48 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost under each of the following methods. a. Determine the inventory cost by using the first in, first-out method. b. Determine the inventory cost by using the last-in, first-out method. c. Determine the inventory cost by using the weighted average cost method. Round intermediate calculation to cents then round final answer to the nearest whole dollar Previous Next Check My Work 3 more Check My Work uses remaining