* Question 6 Bramble Limited stocks a variety of sports equipment for sale to institutions. The following stock record card for basketballs was taken from the records at the December 31, 2020 year end: Terms Units Received Unit Invoice Cost $20 Net 30 120 Invoice Date Number Jan. 1 balance 1510624 Mar. 15 11437 June 20 21332 Cross Invoice Amount $2,400 1,400 1,280 Net 30 1/5, net 30 1/10, net 110 1,650 Sept. 27644 1/10, net 1,200 30 Nov. 24 31269 1/10, net 30 1,012 Totals 572 $9.942 A physical inventory on December 31, 2020, reveals that 100 basketballs are in stock. The bookkeeper informs you that all the discounts were taken. Assume that Bramble Limited uses a periodic inventory system and records purchases at their invoice price less discounts. During 2020, the average sales price per basketball was $22.25. Ex Your answer is incorrect. Try again. Calculate the December 31, 2020 inventory using the FIFO formula. (Round answer to 2 decimal places, e.g. 52.75.) Ending Inventory s Your answer is incorrect. Try again. Calculate the December 31, 2020 inventory using the weighted average cost formule. (Rour cost per unit and the final answer to 2 decimal places, e.. 52.75 1563.20 Ending Inventory 3