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Periodic inventory by three methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2 , 2

Periodic inventory by three methods
The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 2,200 units at $7
Feb. 17 Purchase 3,700 units at $8
Jul. 21 Purchase 2,700 units at $9
Nov. 23 Purchase 1,400 units at $10 perform the required analysis, and input your answers in the questions below.
Open spreadsheet
a. Determine the inventory cost by the first-in, first-out method.
$
b. Determine the inventory cost by the last-in, first-out method.
s
c. Determine the inventory cost by the weighted average cost method. Round your answer to the nearest dollar.
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