Panty wy IT . 154 1050 There were story went on to www.no www. 32 Det try by the The units of an item available for sale during the year were as follows: Jan. 1 Inventory 8 units at $47 Feb. 17 Purchase 16 units at $48 Jul. 21 Purchase 15 units at $49 Nov. 23 Purchase 16 units at $50 There are 8 units of the item in the physical inventory at December 31. The periodic inven a. Determine the inventory cost by the first in, first-out method. $ 392 X b. Determine the inventory cost by the last-in first-out method. c. Determine the inventory cost by the weighted average cost method