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

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Accounting

Coronado 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.

Ending inventory units

December 31, 2019 165

December 31, 2020, by purchase date December 2, 2020 165

July 20, 2020 50 215

During the year 2020, the following purchases and sales were made.

Purchases | Sales

March 15 365 units at $ 28 | April 10 265

July 20 365 units at $29 | August 20 365

September 4 265 units at $32 | November 18 215

December 2 165 units at $35 | December 12 265

The company uses the periodic inventory method.

(a1) Correct answer icon Your answer is correct.

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

Average-cost $ 29.325

(a2) 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.)

ending inventory:

Specific Identification

FIFO

LIFO

Average-Cost

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