(Solved): Periodic Inventory by Three Methods The units of an item avaliable for sale during the year were as ...

Periodic Inventory by Three Methods The units of an item avaliable for sale during the year were as follows: There are 1,200 units of the item in the physical inventory at December 31. The periodic inventory system is used. a. Determine the inventory cost by the firstein, first-out method. b. Determine the inventory cost by the last-in, firstout method. c. Determine the inventory cost by the weighted average cost method. Do not round intermediate caiculation and round final answer to the nearest whole dollar.