The units of an item available for sale during the year were as follows: Jan 1 Inventory 21 units at 123 April 15 Purchase 134 units at 115 September 9 Purchase 25 units at 128 There are 53 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the first-in, first-out (FIFO) Add your answer Question 12 The units of an item avallable for sale during the year were as follows: lan 1 Inventory 13 units at 127 April 15 Purchase 143 units at 115 September 9 Purchase 26 units at 131 There are 40 units of the item in the physical inventory at December 31 . The periodic inventory system is used. Determine the inventory cost using the last-in, first-out (UFO)