help please

part 1

part 2.1

part 2.12

Jones Company started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,060 and the other, $1,380. Jones sold one of the items during the year. Required Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory on the year-end financial statements, assuming use of a. FIFO? b. LIFO? c. Weighted average? The following information pertains to Hagen Metal Work's ending inventory for the current year: Required a. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item an (2) the inventory in aggregate. b. Calculate the adjustment required under both methods, assuming the decline in value is immaterial. Complete this question by entering your answers in the tabs below. Determine the value of the ending inventory using the lower-of-cost-or-market rule applid to (1) each individual inventory item and (2) the inventory in aggregate. The following information pertains to Hagen Metal Work's ending inventory for the current year: Required a. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item anc (2) the inventory in aggregate. b. Calculate the adjustment required under both methods, assuming the decline in value is immaterial. Complete this question by entering your answers in the tabs below. Calculate the adjustment required under both methods, assuming the deciine in value is immaterial