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along with the picture this is what # 2 is asking Assume that the market price per unit ( cost to replace ) of Douglas's

along with the picture this is what #2 is asking
Assume that the market price per unit (cost to replace) of Douglas's inventory on December 31 was $13. Calculate 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
b. Weighted-average lower-of-cost-or-market
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