1. Periodic Inventory by Three Methods

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

   Jan. 1	Inventory	7 units at $29
   Feb. 17	Purchase	10 units at $30
   Jul. 21	Purchase	7 units at $31
   Nov. 23	Purchase	9 units at $32

   There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Round average unit cost to one decimal and final 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. $