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Chapter 9 Case i Saved Help Save & Exit Submit 1 York Co. sells one product, which it purchases from various suppliers. York's trial balance at December 31, 2021, included the following accounts: Sales (33,000 units @ $16) Sales discounts Purchases Purchase discounts Freight-in Freight-out $528,000 7,500 380, 600 18,000 5,000 11,000 York Co.'s inventory purchases during 2021 were as follows: Beginning inventory Purchases, quarter ended March 31 Purchases, quarter ended June 30 Purchases, quarter ended September 30 Purchases, quarter ended December 31 Units 7,000 13,000 15,000 12,000 B,000 55,000 Cost per Unit $ 7.70 7.50 7.90 8.25 8.20 Total Cost $ 53,900 97,500 118,500 99,000 65,600 $434,500 Additional Information: a. York's accounting policy is to report inventory in its financial statements at the lower of cost or net realizable value, applied to total inventory. Cost is determined under the first-in, first-out (FIFO) method. b. York has determined that, at December 31, 2021, the net realizable value was $8.00 per unit. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Prepare York's schedule of ending inventory. (Round "Cost per unit" to 2 decimal places.) YORK CO. Schedule of Ending Inventory For the Year Ended December 31, 2021 Inventory at cost (FIFO): Cost per Units Unit Total Cost Purchases, quarter ended, June 30 Purchases, quarter ended, September 30 Purchases, quarter ended, December 31 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2 Determine whether inventory should be reported at cost or net realizable value. Inventory should be reported in the financial statements at

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