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 @ $134
Feb. 17	Purchase	1,395 units @ $135
July 21	Purchase	1,555 units @ $137
Nov. 23	Purchase	1,125 units @ $138

There are 1,200 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. $_______________

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

c. Determine the inventory cost by the weighted average cost method. Do not round intermediate calculation and round final answer to the nearest whole dollar. $________________