Periodic Inventory by Three Methods

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

Jan. $1$ Inventory

$15$ units at $$38$

Feb. $17$ Purchase

$9$ units at $$39$

Jul. $21$ Purchase

$9$ units at $$42$

Nov. $23$ Purchase

$16$ units at $$43$

There are $15$ units of the item in the physical inventory at December $31.$ The periodic inventory system is used. Round average unit cost to two decimals and final answers to the nearest whole dollar, if required.

a$.$ Determine the inventory cost by the first$-$in$,$ first$-$out method.

$

b$.$ Determine the inventory cost by the last$-$in$,$ first$-$out method.

$

$x$

c$.$ Determine the inventory cost by the weighted average cost method.

$

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