Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 1,075 units @ $130 Feb. 17 Purchase 1,425 units @ $131 Jul. 21 Purchase 1,570 units @ $133 Nov. 23 Purchase 1,125 units @ $134 There are 1,200 units of the item in the Physical lventory at December 31. The periodic inventory system is used. Do not round intermediate calculation and round final answer to nearest whole value. a. Determine the inventory cost by the FIFO method. method. b. Determine the inventory cost by the ELF c. Determine the inventory cost by the weighted average cost method. Periodic Inventory by Three Methods 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 Average cost method