The units of an item available for sale during the year were as follows: Jan. 1 Inventory 13 units at $41 $533 Aug. 13 Purchase 11 units at $43 473 Nov. 30 Purchase 8 units at $44 352 Available for sale 32 units $1,358 There are 16 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first- out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) 704 X b. Last-in, first-out (LIFO) 1,358 X c. Weighted average cost %2$ 679