1. Periodic Inventory by Three Methods

   The units of an item available for sale during the year were as follows:

   Jan. 1	Inventory	1,080 units @ $122
   Feb. 17	Purchase	1,390 units @ $124
   Jul. 21	Purchase	1,625 units @ $125
   Nov. 23	Purchase	1,135 units @ $126

   There are 1,210 units of the item in the physical inventory 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 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. $_________