The units of Manganese Plus available for sale during the year were as follows: 
There are 15 units of the product in the physical inventory at November 30.The periodic inventory system is used.Determine the inventory cost by the
(a)FIFO,
(b)LIFO,and
(c)average cost methods.
Definitions:
Units Available
The total quantity of goods a company has ready for sale or production usage at any given time.
Retail Method
An accounting method to estimate inventory value by applying a consistent markup to the cost of merchandise, used often in the retail industry.
Estimated Cost
An approximation of the cost for goods, services, or construction projects, based on experience, forecasting, and/or information about similar transactions.
Inventory
Assets held for sale in the ordinary course of business, or in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.
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