Stalberg Company's beginning inventory and purchases during the fiscal year ended December 31, 20--, were as follows: There are 10 units of inventory on hand on December 31 . 1. Calculate the total amount to be assigned to the ending inventory under each of the following periodic inventory methods: a. FIFO b. Weighted-average (round calculations to two decimal places.) 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: a. FIFO lower-of-cost-or-market b. Weighted-average lower-of-cost-or-market 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, select "No Entry Required". a. b