The units of an item available for sale during the year were as follows: 
There are 48 units of the 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.Show your work.
Definitions:
Instructor-Led
Instructor-led training is a traditional educational approach where a teacher or expert guides learners through material, often in a classroom setting.
Classroom Training
A traditional form of instruction where a trainer teaches a group of learners in a physical location.
Popular
Liked by many people or considered to be appealing, attractive, or of good quality.
Physical Fidelity
The extent to which a training simulation replicates the real-world physical properties and environment.
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