Periodic Inventory by Three Methods; Cost of Merchandise Sold

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

Jan. $1$ Inventory $1,800$ units at $$108$

Mar. $10$ Purchase

$2,240$ units at $$110$

Aug. $30$

Purchase

$2,000$ units at $$116$

Dec. $12$

Purchase

$1,960$ units at $$120$

There are $2,000$ units of the item in the physical inventory at December $31.$ The periodic inventory system is used.

Determine the inventory cost and the cost of merchandise sold by three methods.

$\backslash$table$[[$Cost of Merchandise Inventory and Cost of Merchandise Sold$],[$Inventory Method Merchandise Inventory Merchandise Sold$]]$

First$-$in$,$ first$-$out $($FIFO$)$ $

Last$-$in$,$ first$-$out $($LIFO$)$

Weighted average cost