The units of an item available for sale during the year were as follows:

Jan 1 Inventory 23 units at 129

April 15 Purchase 130 units at 116

September 9 Purchase 20 units at 124

There are 53 units of the item in the physical inventory at December 31. The periodicinventory system is used. Determine the inventory cost using the first-in, first-out(FIFO)