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Sunland Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a

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Sunland 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 $23 per unit. None of this inventory was sold in 2019. Relevant information is as follows. 170 Ending inventory units December 31, 2019 December 31, 2020, by purchase date December 2, 2020 170 July 20, 2020 50 220 During the year 2020, the following purchases and sales were made. Purchases Sales March 15 370 units at $28 April 10 270 29 370 July 20 370 units at August 20 270 units at 33 September 4 November 18 220 170 units 270 December 2 at 35 December 12 The company uses the periodic inventory method. (a 1) Your answer is correct. Calculate average cost per unit. (Round answer to 2 decimal places, ee 2.76.) Average-cost 29.53 e Textbook and Media Attempts: 2 of 3 used (a2) Your answer is correct. Determine ending inventory under (1) specific identification (2) FIFO (3) LIFO, and (4) average-cost, (Round answers to O decimal places, eg. 2,760.) Avi LIFO FIFO Specific Identification $ $ 5,310 7,600 $ Ending Inventory $ 7,400 e Textbook and Media Attempts: 2 of 3 used (11) * Your answer is incorrect. Calculate price index. (Round answer to 4 decimal places, eg. 2.7653.) Price Index 1.5217 eTextbook and Media Assistance Used Save for Later Attempts: 1 of 3 used Submit Answer (62) The parts of this question must be completed in order. This part will be available when you complete the part above. E LA V rtv

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