=+Inventory by three methods Obj 6

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b. $1,410 The units of an item available for sale during the year were as follows:

Jan. 1 Inventory Feb. 26 Purchase June 18 Purchase Dec. 29 Purchase 18 units at $40 36 units at $46 42 units at $52 24 units at $55 There are 33 units ofthe item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost by

(a) the first-in, first-out method,

(b) the last-in, first-out method, and

(c) the average cost method.