Belanna Corporation began operations on December 1, 2012. The only inventory transaction in 2012 was the purchase of inventory on December 10, 2012, at a cost of $20 per unit. None of this inventory was sold in 2012. Relevant information is as follows.

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

The company uses the periodic inventory method.Instructions(a) Determine ending inventory under (1) specific identification, (2) FIFO, (3) LIFO, and (4) average cost. (Round unit cost to four decimal places.)(b) Determine ending inventory using dollar-value LIFO. Assume that the December 2, 2013, purchase cost is the current cost of inventory.

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Ending inventory units December 31, 2012 December 31, 2013, by purchase date December 2, 2013 July 20, 2013 100 100 130