For the weighted-average method, round calculations to twodecimal places. If required, round your fi

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For the weighted-average method, round calculations to twodecimal places. If required, round your final answers to thenearest cent. Instructions: For the weighted-average method, round calculations to twodecimal places. If required, round your final answers to thenearest cent. 1. Calculate the total amount to be assigned tothe ending inventory under each of the following periodic inventorymethods. 2. Assume that the market price per unit (costto replace) of Stalberg’s inventory on December 31, 20–, was $26.Calculate the total amount to be assigned to the ending inventoryon December 31 under each of the following methods. 3. What journal entry would be made underlower-of-cost-or-market for parts 2(a) FIFO and 2(b)Weighted-average? If no entry is required, type “No entry required”in the account name box and leave the amount boxes blank or enter”0”. Stalberg Company’s beginning inventory and purchases during thefiscal year ended December 31, 20–, were as follows: There are 10 units of inventory on hand on December 31. Inventory Valuation For the weighted-average method, round calculations to twodecimal places. If required, round your final answers to thenearest cent. 1. Calculate the total amount to be assigned tothe ending inventory under each of the following periodic inventorymethods: a. FIFO

$ b. Weighted-average

$ 2. Assume that the market price per unit (costto replace) of Stalberg’s inventory on December 31, 20–, was $26.Calculate the total amount to be assigned to the ending inventoryon December 31 under each of the following methods: a. FIFO lower-of-cost-or-market

$ b. Weighted-average lower-of-cost-or-market

$ . . .

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