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

Jan	1	Inventory	20	units at	127
April	15	Purchase	135	units at	116
September	9	Purchase	26	units at	127

There are 40 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)