Records for the month indicate the following information regarding 48 oz cans of tomato juice in inventory at Jim's Place. Opening inventory on the first of the month 8 cans @ $1.51 - $12.08 Purchased on the 7th of the month 12 cans @ $1.79 - $21.48 Purchased on the 15th of the month 5 cans @ $1.74 = $ 8.70 Purchased on the 26th of the month 9 cans $1.66 - $14.93 A physical inventory on the last day of the month shows the following: Opening Inventory 8 cans + Purchases during the month 26 cans Total available 34 cans Closing Inventory 17.cans = Units consumed 17 cans Assign values to the units in closing inventory using the following methods: First in, first out, weighted average purchase price, latest purchase price, last in, first out. FIFO LIFO WEIGHTED AVERAGE LATEST PURCHASE PRICE