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 5 units at $33 g13 Purchase 16 units at $34 Nov. 30 Purchase Available for sale $165 544 525 $1,234 15 units at $35 36 units There are 17 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar) a. b. c. First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted average cost