Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 11 units at $26 Feb. 17 Purchase 13 units at $28 Jul. 21 Purchase 11 units at $31 19 units at $31 Nov. 23 Purchase There are 5 units of the item in the physical inventory at December 31. The periodic Inventory system is used. Round average unit cost to one decimal 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 c. Determine the inventory cost by the weighted average cost method. Previous Next Check My Work 5 more Check My Work uses remaining