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The units of an item available for sale during the year were as follows: Jan. 1 Inventory 5 units @ $ 4 3 Feb. 1

The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 5 units @ $43
Feb. 17 Purchase 20 units @ $44
July 21 Purchase 8 units @ $45
Nov. 23 Purchase 11 units @ $46
There are 5 units of the item in the physical inventory at December 31. The periodic inventory system is used.
a. Determine the inventory cost by the first-in, first-out method.
$fill in the blank 1
b. Determine the inventory cost by the last-in, first-out method.
$fill in the blank 2
c. Determine the inventory cost by the weighted average cost method. Round average unit cost to the nearest cent and final answers to the nearest whole dollar, if required.
$fill in the blank 3

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