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Shamrock 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 $22 per unit. None of this inventory was sold in 2016. Relevant information is as follows.

Ending inventory units
December 31, 2016				130
December 31, 2017, by purchase date
December 2, 2017		130
July 20, 2017		50		180

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

Purchases						Sales
March 15		330 units	at	$26		April 10		230
July 20		330 units	at	27		August 20		330
September 4		230 units	at	31		November 18		180
December 2		130 units	at	33		December 12		230

The company uses the periodic inventory method.

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

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 $ $ $ $ Link to Text

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

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 $22 per unit.) (Round answer to 0 decimal places, e.g. 2,760.) Ending inventory at dollar-value LIFO $

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