Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows:

Jan. 1 Inventory 1,045 units @ $126

Feb. 17 Purchase 1,410 units @ $127

July 21 Purchase 1,520 units @ $130

Nov. 23 Purchase 1,125 units @ $132

There are 1,200 units of the item in the physical inventory at December 31. The periodic inventory system is used.

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. Do not round intermediate calculation and round final answer to the nearest whole dollar.