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please please answer correct Tamarisk Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December
please please answer correct
Tamarisk 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 $24 per unit. None of this inventory was sold in 2019. Relevant information is as follows. Ending inventory units: December 31, 2019 December 31, 2020. by purchase date - december 2, 2020 - July 20, 2020 185 185 50 235 Sales 10 15 285 20 385 During the year 2020, the following purchases and sales were made. Purchases March 385 units at $29 April july 385 units at 30 Aug sept 4 285 units at 34 dec 2 185 units at 36 Dec 12 285 The company uses the periodic inventory method. (al) Calculate average-cost per unit. (Round answer to 2 decimal places, e.e. 2.76.) (a2) Determine ending inventory under (1) specific identification (2) FIFO, (3) LIFO, and (4) average- cost. (Round answer to 0 decimal places, e.g. 2760.) 20 18 NOV 235Step by Step Solution
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