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Novak Corporation began operations on December 1,2024 . The only inveritory transaction in 2024 was the purchase of inventory on December 10,2024 , at a

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Novak Corporation began operations on December 1,2024 . The only inveritory transaction in 2024 was the purchase of inventory on December 10,2024 , at a cost of $26 per unit. None of this inventory was sold in 2024. Relevant information is as follows. During the year, the following purchases and sales were made. The company uses the periodic inventory method. (a1) Your answer is correct. Calculate the weighted-average cost per unit. (Round answer to 2 decimol places, es. 2.76) Weighted average cost Determine ending inventory under (1) specific identification, (2) FIFO. (3) LIFO, and (4) average-cost. (Round answers to O decimal places, es. 2,760. 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 $26 per unit.) (Round answer to 4 decimal places, es. 2.7653.) Price index

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