Stewart Co.s beginning inventory and purchases during the year ended December 31, 2023, are documented in the table below. Determine the cost of inventory on December 31, 2023, using the perpetual inventory system and each of the following inventory costing methods:

a. first-in, first-out FIFO

b. last-in, first-out LIFO

c. weighted average, round weighted average cost per unit to two decimal places.

Date	Description	Units	Unit Cost	Total Cost
January 1	Inventory	1000	$ 50.00	$ 50,000.00
March 10	Purchase	3000	$ 52.00	$ 156,000.00
June 25	Sold 1,600 units
August 30	Purchase	2600	$ 55.00	$ 143,000.00
October 5	Sold 4,000 units
November 26	Purchase	1000	$ 57.68	$ 57,680.00
December 31	Sold 800 units
	Total:	7600		$ 406,680.00