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Lower-of-Cost-or-Market Stalberg Company's beginning inventory and purchases during the fiscal year ended December 31 , 20--, were as follows: There are 10 units of inventory
Lower-of-Cost-or-Market Stalberg Company's beginning inventory and purchases during the fiscal year ended December 31 , 20--, were as follows: There are 10 units of inventory on hand on December 31. For the weighted-average method, round calculations to two decimal places. If required, round your final answers to the nearest cent. 1. Calculate the total amount to be assigned to the ending inventory under each of the following periodic inventory methods: a. FIFO b. Weighted-average a. FIFO lower-of-cost-or-market b. Weighted-average lower-of-cost-or-market a. b
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