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The units of an item available for sale during the year were as follows: Jan. 1 Inventory 15 units at $40 $600 Aug. 13 Purchase

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

Jan. 1 Inventory 15 units at $40 $600
Aug. 13 Purchase 18 units at $43 774
Nov. 30 Purchase 15 units at $45 675
Available for sale 48 units $2,049

There are 19 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) $
b. Last-in, first-out (LIFO) $
c. Weighted average cost $

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