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1. Caiculate the total amount to be assigned to the ending inventory under each of the following periodic inventory methods: a. FIFO b. Weighted-average (round

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1. Caiculate the total amount to be assigned to the ending inventory under each of the following periodic inventory methods: a. FIFO b. Weighted-average (round calculations to two decimal places) \$ 2. Assume that the market price per unit (cost to replace) of Boule's inventory on December 31,20, was $39, Caliculate the total amount to be assigned to the ending inventory on December 31 under each of the following methods: a. FIFO lower-of-cost-or-market S b. Weighted-average lower-of-cost-or-market 3 3. What journal entry would be made under lower-of-cost-or-market for parts 2(a) Fifo and 2 (b) Weighted-average? if no entry is required, select "No Entry Required

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