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Hape Wportalasa.edu/sec. Favorites https://portalasa ed eBook Show Me How Calculator Lower-of-Cost-or-Market Stalberg Company's beginning inventory and purchases during the fiscal year ended December 31, 20-, were as follows: Units Unit Price Total Cost Jan. 1 10 $18 Mar. 5 Beginning inventory 1st purchase 2nd purchase $180 220 10 22 Sept. 9 10 25 250 300 Dec. 8 3rd purchase 10 30 40 $950 There are 10 units of inventory on hand on December 31 For the weighted average method, round calculations to two decimal places. If required, round your final answers to the nearest cent. 1. Calculate the total amount to be assigned to the ending inventory under each of the following periodic Inventory methods: a. FIFO b. Weighted-average 2. Assume that the market price per unit (cost to replace) of Stalberg's inventory on December 31, 20, was $26. 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 Previous Next Check My Work 5 more Check My Work uses remaining, All work saved Email Instructor Save and Exit Submit Assignment for Grading AB ctv 22 cBook Show Me How Calculator There are 10 units of Inventory on hand on December 31. For the weighted average method, round calculations to two decimal places. If required, round your final answers to the nearest cent. 1. Calculate the total amount to be assigned to the ending Inventory under each of the following periodic Inventory methods: a. FIFO $ b. Weighted average 2. Assume that the market price per unit (cost to replace) of Stalberg's inventory on December 31, 20-, was $26. 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 3. What journal entry would be made under lower-of-cost-or-market for parts 2() FIFO and 2(b) Weighted average? If no entry is required, select "No Entry Required". 0 Previous Next > Check My Work 5 more Check My Work uses remaining, Email Instructor Save and Exit Submit Assignment for Grading All work saved. GIV Hape Wportalasa.edu/sec. Favorites https://portalasa ed eBook Show Me How Calculator Lower-of-Cost-or-Market Stalberg Company's beginning inventory and purchases during the fiscal year ended December 31, 20-, were as follows: Units Unit Price Total Cost Jan. 1 10 $18 Mar. 5 Beginning inventory 1st purchase 2nd purchase $180 220 10 22 Sept. 9 10 25 250 300 Dec. 8 3rd purchase 10 30 40 $950 There are 10 units of inventory on hand on December 31 For the weighted average method, round calculations to two decimal places. If required, round your final answers to the nearest cent. 1. Calculate the total amount to be assigned to the ending inventory under each of the following periodic Inventory methods: a. FIFO b. Weighted-average 2. Assume that the market price per unit (cost to replace) of Stalberg's inventory on December 31, 20, was $26. 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 Previous Next Check My Work 5 more Check My Work uses remaining, All work saved Email Instructor Save and Exit Submit Assignment for Grading AB ctv 22 cBook Show Me How Calculator There are 10 units of Inventory on hand on December 31. For the weighted average method, round calculations to two decimal places. If required, round your final answers to the nearest cent. 1. Calculate the total amount to be assigned to the ending Inventory under each of the following periodic Inventory methods: a. FIFO $ b. Weighted average 2. Assume that the market price per unit (cost to replace) of Stalberg's inventory on December 31, 20-, was $26. 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 3. What journal entry would be made under lower-of-cost-or-market for parts 2() FIFO and 2(b) Weighted average? If no entry is required, select "No Entry Required". 0 Previous Next > Check My Work 5 more Check My Work uses remaining, Email Instructor Save and Exit Submit Assignment for Grading All work saved. GIV
