Waterway Corporation began operations on December 1, 2016. The only inventory transaction in 2016 was the purchase of inventory on December 10, 2016, at a cost of $22per unit. None of this inventory was sold in 2016. Relevant information is as follows.

Ending inventory unitsDecember 31, 2016135December 31, 2017, by purchase dateDecember 2, 2017135July 20, 201750185

During the year 2017, the following purchases and sales were made.

Purchases

Sales

March 15335unitsat$26April 10235July 20335unitsat28August 20335September 4235unitsat31November 18185December 2135unitsat33December 12235

The company uses the periodic inventory method.

Calculate average-cost per unit.(Round answer to 2 decimal places, e.e. 2.76.)

Average-cost$

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Determine ending inventory under (1) specific identification, (2) FIFO, (3) LIFO, and (4) average-cost.(Round answers to 0 decimal places, e.g. 2,760.)

Specific Identification

FIFO

LIFO

Average-Cost

Ending Inventory$

$

$

$

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Calculate price index.(Round answer to 4 decimal places, e.g. 2.7653.)

Price Index

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Determine ending inventory using dollar-value LIFO. Assume that the December 2, 2017, purchase cost is the current cost of inventory. (Hint:The beginning inventory is the base layer priced at $22per unit.)(Round answer to 0 decimal places, e.g. 2,760.)

Ending inventory at dollar-value LIFO$