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 14 units at $29 $406

Aug. 7 Purchase 14 units at $31 434

Dec. 11 Purchase 9 units at $32 288

37 units $1,128

There are 11 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. First-in, first-out (FIFO) $

b. Last-in, first-out (LIFO) $

c. Weighted average cost $