Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Inventory 13 units at $48 Jan. 1 Aug. 13 Purchase 5 units at $50 . Nov. 30 19 units at $52 a. b. Purchase Available for sale 37 units $1,862 There are 11 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two dec nearest whole dollar). First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted average cost C. $624 250 008 988