Cost Allocation and Lower-of-Cost-or-Market Douglas Company's beginning inventory and purchases during the fiscal year ended December There are 1,000 units of inventory on hand on December 31 . Required: 1. Calculate the total amount to be assigned to the ending inventory and cost of goods sold on Decer and purchases during the fiscal year ended December 31,20, were as shown. on hand on December 31. e assigned to the ending inventory and cost of goods' sold on December 31 under each of the following methods: 1. Calculate the total amount to be assigned to the ending inventory and cost of goods sold an *. mosume chat the market price per unit (cost to replace) of Douglas's inventory on December 31w assigned to the ending inventory on December 31 under each of the following methods: ending inventory and cost of goods sold on December 31 under each of the following methods: replace) of Douglas's inventory on December 31 was $13. Calculate the total amount to be under each of the following methods: 2. Assume that the market price per unit (cost to replace) of Douglas's inventory on Decmber 31 was $13. assigned to the ending inventory on December 31 under each of the follnwin