The units of an item available for sale during the year were as follows: Jan. 1 Inventory 1,040 units @ $120 Feb. 17 Purchase 1,400 units @ $122 Jul. 21 Purchase 1,575 units @ $125 Nov. 23 Purchase 1,130 units @ $126 There are 1,205 units of the item in the physical inventory at December 31. The periodic inventory system is used. Do not round intermediate calculation and round final answer to nearest whole value. a. Determine the inventory cost by the first-in, first-out method. $ b. Determine the inventory cost by the last-in, first-out method. $ c. Determine the inventory cost by the weighted average cost method. $

an item available for sale during the year were as follows: The units 1,040 units $120 Jan. 1 Inventory Feb. 17 Purchase 1,400 units $122 Jul. 21 Purchase 1,575 units $125 1,130 units $126 Nov. 23 Purchase There are 1,205 units of the item in the physical inventory at December 31. The periodic inventory system is used. Do not round intermediate calculation and round final answer to nearest whole value. a. Determine the inventory cost the first-in, first-out method. b. Determine the inventory cost by the last-in, first-out method. c. Determine the inventory cost by the weighted average cost method