Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 4 units at $47 Inventory Purchase Feb. 17 17 units at $49 Jul. 21 Purchase 20 units at $50 Nov. 23 Purchase 9 units at $50 There are 4 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 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.

Periodic Inventory by Three Methods The units of an item avalable for sale during the year were as follows: There are 4 units of the item in the physical imventary at December 31. The periodic inventory system is used. Round average unit cost to the nearest cent 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, fint-aut method. c. Determine the inventory cost by the weighted average cost method