Lower-of-Cost-or-Market Stalberg Company's beginning inventory and purchases during the fiscal year ended December 31, 20-- were as follows: Units Unit Price Total Cost Jan. 1 10 $20 Mar. 5 10 Beginning inventory 1st purchase 2nd purchase 3rd purchase 22 $200 220 250 Sept. 9 10 25 Dec. 8 10 30 300 40 $970 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 th: ending inventory under each of the following periodic inventory methods: a FIFO b. Weighted average