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Flounder Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory on December 10,2022 , at a
Flounder Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory on December 10,2022 , at a cost of $20 per unit. None of this inventory was sold in 2022 . Relevant information for fiscal 2023 is as follows: Ending inventory units: During 2023 , the following purchases and sales were made: During 2023 , the following purchases and sales were made: The company uses the periodic inventory method. Determine ending inventory under specific identification. Determine ending inventory under FIFO. Determine ending inventory under weighted average cost. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and inal answer to 0 decimal places, e.g. 5,275.)
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