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: There are 1,000 units of inventory on hand on December 31 . Required: There are 1,000 units of inventory on hand on December 31. Required: For the weighted-average method, round calculations to two decimal phaces. 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: 2. Assume that the market price per unit (cost to replace) of Douglas's inventory on Decernoer 31 was 513 . Calculate the total amount to be assigned to the ending inventory on December 31 under each of the following methods: 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