Periodic Inventory by Three Methods

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

Jan. $1$ Inventory

$6$ units at $$36$

Feb. $17$ Purchase

$11$ units at $$38$

Jul. $21$ Purchase

$12$ units at $$40$

Nov. $23$ Purchase

$20$ units at $$42$

There are $6$ 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.

$ $x$

b$.$ Determine the inventory cost by the last$-$in$,$ first$-$out method.

$ $$

c$.$ Determine the inventory cost by the weighted average cost method. Round average unit cost to the two decimal places, and round your final answer to the nearest dollar.

$

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