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Cost Action and worlat Dould comer's granding recalyvarde Dember , 20 Units Unit Price Total Cost y 1, 20- Bing y 1.0903 5,720 I purchase 090 3 2010 A 16 2,610 Sed purcha 710 102 August 10 6th purchase 610 1012 6 September 15 State 010 11 November 14 purchase 30 December u pudra 00 23.85 7.203 The 1.000 ml invertory on some way Required for the weightede med rundt de fondo realmente 1. Came the cute we todo o contidos enter to the Cost of Goods sold Cost finding very #FO UFO Med 2. Are the monetare electry Center 13 Chapted to be and won December 31, in any when Format heegewer.com UU For the weighted average method, round calculations to two decimal places Hound all final answers to the nearest dolle 1. Caleate the total amount to be assigned to the ending inventory wod.cost of goods sold on December 31 under esch of the following methods Cost of Goods Sold Cost of Ending Inventory D. LIFO Weighted average 2. Assume that the market price per un cost to replace of Douglas's inventory on December 31 was 11. Calculate the teament to be signed to the ending viventary on December 31 under each of the following methods I FIFO ero costo market . Weghted-werage fower-of-cost or market 3. Prepare required entries to apply FIFO lower-of-cost market Weighted average low cost-or- market El nostre select "No entry required and we the amount bis banko E Description Debit Credit eBook Print Item Cost Allocation and Lower-of-Cost-or-Market Douglas Company's beginning inventory and purchases during the fiscal year ended December 31, 20--, were as follows: Units Unit Price Total Cost 1,090 $ 8 890 9 380 9.5 710 10.2 January 1, 20-- Beginning inventory March 5 1st purchase Aprl 16 2nd purchase June 3 3rd purchase August 18 4th purchase September 13 5th purchase November 14 6th purchase December 3 7th purchase 610 10.9 $ 8,720 8,010 3,610 7,242 6,649 9,639 5,382 7,202 $ 56,454 810 11.9 390 13.8 520 13.85 5,400 There are 1,000 units of inventory on hand on December 31, Required: Required: For the weighted average method, round calculations to two decimal places, Round all final answers to the nearest dollar 1. Calculate the total amount to be assigned to the ending inventory and cost of goods sold on December 31 under each of the following methods: Cost of Goods Sold Cost of Ending Inventory a. FIFO b. LIFO c. Weighted average 2. 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-of-market b. Weighted average lower of cost or-market 3. Prepare required entries to apply: a. FIFO lower-of-cost-or-market b. Weighted average lower-of-cost-or-market If no entry is required, select "No entry required" and leave the amount boxes blank or enter "O". Description Debit Credit b