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Calculator Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Methods The units of an...

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Calculator Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory Purchase 9 units at $34 17 units at $37 9 units at $39 $306 629 Aug. 13 Nov. 30 Purchase 351 Available for sale 35 units $1,286 There are 17 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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