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PLEASE help.Thank you in advance. meht-tak Instructions Inventory Valuation Journal Entries Instructions 1. Calculate the total amount to be assigned to the ending inventory under
PLEASE help.Thank you in advance.
meht-tak Instructions Inventory Valuation Journal Entries Instructions 1. Calculate the total amount to be assigned to the ending inventory under each of the following periodic inventory methods. 2. Assume that the market price per unit (cost to replace) of Stalberg's inventory on December 31, 20-, was $26. Calculate the total amount to be assigned to the ending inventory on December 31 under each of the following methods. 3. What journal entry would be made under lower-of-cost-or-market for parts 2(a) FIFO and 2(b) Weighted-average? If no entry is required required" in the account name box and leave the amount boxes blank or enter"0. type "No ent Stalberg Company's beginning inventory and purchases during the fiscal year ended December 31, 20-, were as follows: Units 10 10 10 10 40 Unit Price Total Cost 5200 220 250 300 $970 $20 Jan. 1 Mar. 5 Sept. 92nd purchase Dec. 8 Beginning inventory 1st purchase 25 30 3rd purchase NG 904 PM here are 10 units of inventory on hand on December 31Step by Step Solution
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