Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory $672 14 units at $48 20 units at $49 980 Aug. 13 Nov. 30 Purchase Purchase 4 units at $50 200 Available for sale 38 units $1,852 There are 23 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine t Jan. 1 Inventory 14 units at $48 $672 Aug. 13 Purchase 20 units at $49 950 Nov. 30 Purchase 4 units at $50 200 Available for sale 38 units $1,852 There are 23 units of the item in the physical inventory at December 31. The periodic Inventory system is used. Determine the inventory cost using the (a) first in, first-out (Fro) method; (b) last-in, fint out (LIFO) method; and (c) weighted average cost method (round per un cost to two decimal places and your final answer to the nearest whole dollar). First-In, first-out (FIFO) b. Last-in, first-out (FO) C Weighted average cost Previous Net ID 44 100 PM 3/4/2020 . (hp) * bat %23 % 5 & 7 6 8 9 4 3 E R T T 1 D G H JIK