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Sarasota Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a
Sarasota 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 $25 per unit. None of this inventory was sold in 2019. Relevant information for fiscal 2020 is as follows: Ending inventory units: December 31, 2019 100 December 31, 2020. by purchase date -Dec. 2, 2020 100 - July 20, 2020 31 131 During 2020, the following purchases and sales were made: Purchases Sales Mar. 15 320 units at $24 Apr. 10 210 July 20 320 units at $26 Aug 20 300 Sept. 4 210 units at $30 Nov. 18 160 Dec. 2 100 units at $32 Dec. 12 249 The company uses the periodic inventory method. X Your answer is incorrect. Determine ending inventory under specific identification. M $ Ending inventory 4500 e Textbook and Media * Your answer is incorrect. Determine ending inventory under FIFO. $ 4700 Ending inventory Determine ending inventory under FIFO. $ Ending inventory 4700 e Textbook and Media * Your answer is incorrect. Determine ending inventory under weighted average cost. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) $ 3321.35 Ending inventory e Textbook and Media
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