Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Method. The units of an item available for sale during the year were as follows: Jan. 1 Inventory 6 units at $49 $294 Aug. 13 Purchase 18 units at $52 936 Nov. 30 Purchase 14 units at $54 756 Available for sale 38 units $1,986 There are 20 units of the item in the physical inventory at December 31. The per average cost method (round per-unit cost to two decimal places and your final ar a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) 2 C. Weighted average cost two 1454 754 for sale 11.95 TH H H MUA 1 1 1 1 1 H H H H Em tra 1 tia UV MU V Hy v i l vai Lt H vy Hy Hy Hy | | | | | | | | | | | | | | | | | | | | | | | | PHIM HI www.fr FO