Periodic Inventory by Three Methods The units of an item available for sale during the year Jan. 1 Inventory 20 units at $47 Feb. 17 Purchase 13 units at $49 Jul. 21 Purchase 20 units at $51 Nov. 23 Purchase 5 units at $53 There are 17 units of the item in the physical Inventory at December 31. The periodic Inventory system is used. Round average unit cost to the nearest cent 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