View Policies Current Attempt in Progress Lily Company took a physical inventory on December 31 and determined that goods costing $Unresolved were on hand. Not included in the physical count were $25,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $23,000 of goods sold to Alvarez Company for $31,000, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year- end. What amount should Lily report as its December 31 inventory? Lily ending Inventory $ e Textbook and Media Submit Anwar Attempts:0 of 3 used Save for Later View Policies Current Attempt in Progress In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 350 units at $6,(2) 410 units at $7, and (3) 220 units at $8. Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Sheridan uses a periodic inventory system. FIFO LIFO Cost of the ending inventory $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer View Policies Current Attempt in Progress In its first month of operations, Bonita Company made three purchases of merchandise in the following sequence: (1) 320 units at $7.(2) 470 units at $8, and (3) 210 units at $9.Bonita uses the periodic inventory system. Calculate the weighted average unit cost. (Round answer to 2 decimal places, es. 15.25) Weighted average unit cost $ eTextbook and Media Compute the cost of the ending Inventory under the average-cost method, assuming there are 360 units on hand. Round answer to O decimal places, eg. 1.250.) $ The cost of the ending inventory e Textbook and Media