Nash Corporation began operations on December $1,2024.$ The only inventory transaction in $2024$ was the purchase of inventory on

December $10,2024,$ at a cost of $$21$ per unit. None of this inventory was sold in $2024.$ Relevant information is as follows.

Ending inventory units

December $31,2024$

$115$

December $31,2025,$ by purchase date

December $2,2025$

$115$

July $20,2025$

$50$

$165$

During the year, the following purchases and sales were made.

The company uses the periodic inventory method.

$($a$1)$

Your answer is correct.

Calculate the weighted$-$average cost per unit. $($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}76.)$

Weighted$-$average cost $

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$($a$2)$

Your answer is correct.

Determine ending inventory under $(1)$ specific identification, $(2)$ FIFO, $(3)$ LIFO, and $(4)$ average$-$cost$.($Round answers to $0$ decimal

places, e$.$g$.2,760.)$

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Attempts: $3$ of $5$ used

$($b$1)$

Your Answer

Calculate the price index for $2025.$ Assume that the December $2,2025,$ purchase cost is the current cost of inventory. $($Hint: The

beginning inventory is the base layer priced at $$21$ per unit.$)($Round answer to $4$ decimal places, e$.$g$.2\mathrm{.}7653.)$

Price index

$($b$2)$

Your answer is incorrect.

Determine ending inventory using dollar$-$value LIFO. Assume that the December $2,2025,$ purchase cost is the current cost of

inventory. $($Hint: The beginning inventory is the base layer priced at $$21$ per unit.$)($Round answer to $0$ decimal places, eg$.2,760..)$

Ending inventory at dollar$-$value LIFO $