Show Me How tor Instructions Inventory Valuation Journal Entries . Calculate the total amount to be assigned to the ending inventory under each of the following round your final answers to the nearest cent. 1. Calculate the total amount to be assigned to following periodic inventory methods a. FIFO a. FIFO Assume to replace) of Stalberg's inventory on December 31, 20-, was $26 culate the total amount to be assigned to the ending inventory on December 31 under each of the follovwing methods b. weighted-average 2. Assume that the market price per unit (cost to December 31, 20-, was $26. Calculate the total a inventory on December 31 under each of the follo lower-of-cost-or-market for parts 2(a) FIFO and 2(b) weighted-average ventory on December 31 under each of the follo 3. What journal entry would be made under for f no entry is required, type "No entry required" in the account name box and leave the amount boxes blank or enter " Stalberg Company's beginning inventory and purchases during the fiscal year ended December 31, 20, were as follows: a. FIFO lower-of-cost-or-market b. Weighted-average lower-of-cost-or-market Units Unit Price Total Cost 10 $20 Mar. 5 Sept. 9 Dec. 8 1st purchase 2nd purchase 3rd purchase $200 220 250 Check My Work Incorrect 10 $970 are 10 units of ry on hand on December 31