The units of an item available for sale during the year were as follows: Jan. 1 Inventory 1,055 units @ $126 Feb. 17 Purchase 1,420 units o $128 July 21 Purchase 1,650 units $130 Nov. 23 Purchase 1,130 units o $131 There are 1,205 units of the item in the physical inventory at December 31. The periodic inventory system is used. 3. Determine the inventory cost by the first-in, first-out method. b. Determine the inventory cost by the last-In, first-out method. Determine the inventory cost by the weighted average cost method. Do not round intermediate calculation and round final answer to the nearest whole dollar