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Marigold Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a

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Marigold Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a cost of $22 per unit. None of this inventory was sold in 2019. Relevant information is as follows. 125 Ending inventory units December 31, 2019 December 31, 2020, by purchase date December 2, 2020 July 20, 2020 125 50 175 During the year 2020, the following purchases and sales were made. at $26 225 Purchases March 15 325 units July 20 325 units at September 4 225 units at December 2 125 units at 27 Sales April 10 August 20 November 18 December 12 325 30 175 32 225 The company uses the periodic inventory method, Question 2 of 3 4.5/9 Your answer is correct. Calculate average-cost per unit. (Round answer to 2 decimal places, e.e. 2.76.) Average cost $ 2731 e Textbook and Media Attempts: unlimited (a2) Your answer is correct. Determine ending inventory under (1) specific identification (2) FIFO (3) LIFO, and (4) average-cost. (Round answers to o decimal places, e.s. 2,760.) Specific Identification FIFO LIFO Average-Cost 5350 $ 5500 $ 4050 $ 4779 (61) Calculate price index. (Round answer to 4 decimal places. e.3. 2.7653.) Price Index Save for Later Attempts: unlimited Submit

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