The following independent situations relate to inventory accounting. Answer the following questions about inventories. Splish Co. purchased goods with a list price of $160,400, subject to trade discounts of 20% and 10%, with no cash discounts allowable. How much should Splish Co. record as the cost of these goods? Cost of goods purchased $enter the Cost of goods purchased in dollars Blossom Companys inventory of $1,099,800 at December 31, 2020, was based on a physical count of goods priced at cost and before any year-end adjustments relating to the following items. (a) Goods shipped from a vendor f.o.b. shipping point on December 24, 2020, at an invoice cost of $65,710 to Blossom Company were received on January 4, 2021. (b) The physical count included $28,670 of goods billed to Sakic Corp. f.o.b. shipping point on December 31, 2020. The carrier picked up these goods on January 3, 2021. What amount should Blossom report as inventory on its balance sheet? Inventory to be reported $enter Inventory to be reported in dollars Blue Corp. had 2,060 units of part M.O. on hand May 1, 2020, costing $33 each. Purchases of part M.O. during May were as follows. Units Units Cost May 9 2,560 $34 17 4,060 36 26 1,560 37 A physical count on May 31, 2020, shows 2,560 units of part M.O. on hand. Using the FIFO method, what is the cost of part M.O. inventory at May 31, 2020? Using the LIFO method, what is the inventory cost? Using the average-cost method, what is the inventory cost? (Round average cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 1,620.) FIFO LIFO Average Cost Inventory Cost $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places Kingbird Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO. Inventory At Base-Year Cost At Current-Year Cost 1/1/20 $199,700 $199,700 12/31/20 244,600 293,520 12/31/21 278,100 344,844 Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2021? December 31, 2021 Price Index enter the price index Dollar-value LIFO inventory $enter a dollar amount Oriole Inc., a retail store chain, had the following information in its general ledger for the year 2021. Merchandise purchased for resale $890,718 Interest on notes payable to vendors 8,703 Purchase returns 17,020 Freight-in 21,800 Freight-out (delivery expense) 15,607 Cash discounts on purchases 7,442 What is Orioles inventoriable cost for 2021? Orioles inventoriable cost for 2021