Blossom Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was...

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Accounting

Blossom 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 $25 per unit. None of this inventory was sold in 2019. Relevant information is as follows.
Ending inventory units
December 31, 2019 127
December 31, 2020, by purchase date
December 2, 2020 127
July 20, 2020 50 177
During the year 2020, the following purchases and sales were made.

Purchases

Sales

March 15 327 units at $30 April 10 227
July 20 327 units at 32 August 20 327
September 4 227 units at 36 November 18 177
December 2 127 units at 38 December 12 227
The company uses the periodic inventory method.
Calculate average-cost per unit. (Round answer to 2 decimal places, e.e. 2.76.)
Average-cost $

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 $

$

$

$

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

Determine ending inventory using dollar-value LIFO. Assume that the December 2, 2020, purchase cost is the current cost of inventory. (Hint: The beginning inventory is the base layer priced at $25 per unit.) (Round answer to 0 decimal places, e.g. 2,760.)
Ending inventory at dollar-value LIFO $

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