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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 2,000 units at

image text in transcribed Periodic inventory by three methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,000 units at $3 Feb. 17 Purchase 3,800 units at $5 Jul. 21 Purchase 3,000 units at $7 Nov. 23 Purchase 1,200 units at $9 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. $ c. Determine the inventory cost by the weighted average cost method. Round your answer to the nearest dollar. $

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