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Current Attempt in Progress Splish 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 $26 per unit. None of this inventory was sold in 2019. Relevant information is as follows. 132 Ending inventory units December 31, 2019 December 31, 2020, by purchase date December 2, 2020 July 20, 2020 132 50 182 During the year 2020, the following purchases and sales were made. March 15 July 20 September 4 December 2 Purchases 332 units at 332 units at 232 units at 132 units at $31 32 36 38 Sales April 10 August 20 November 18 December 12 232 332 182 232 The company uses the periodic inventory method, (21) Your answer is correct Calculate average-cost per unit. (Round answer to 2 decimal places, ee 2.76) Average cost 32.51 e Textbook and Media Attempts: 2 of 3 used Accounts (a2) Questi Account Your answer is correct Viewin 3 Account Determine ending inventory under (1) specific identification (2) FIFO (3) LIFO, and (4) average cost. (Round answers to o decimal places, eg 2,760) Specific Identification FIFO LIFO Average-Cost Questi Accounti 6,616 6,816 4,982 5,918 Questi Account e Textbook and Media Assistance Used Questi Account Attempts: 1 of 3 used Solution Assistanc Units Double Extension Method Base-Year Costs Current Costs Base-Year Current-Year Cost Per Unit Total Units Cost Per Unit $26 $4,732 132 $38 50 $36 Total 182 $5,016 1,800 $6,816 Ending Inventory for the Period at Current Cost Ending Inventory for the Period at Base-Year Cost $6,816 $4.732 1.4404 (62) 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 $26 per unit.) (Round answer to decimal places, eg. 2,760.) Ending inventory at dollar-value LIFO $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit

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