Exercises 429 E8-19 (L03,4) (Alternative Inventory Methods Comprehensive) Tori Amos Corporation began operations on December l, 2016. The only inventory transaction in 2016 was the purchase of inventory on December 10, 2016, at a cost of $20 per unit. None of this inventory was sold in 2016. Relevant information is as follows Ending inventory units December 31, 2016 Decenmber 31, 2017, by purchase date 1o0 December 2, 2017 July 20, 2017 50 150 During the year, the following purchases and sales were made. Purchases Sales March 15 300 units at $24 April 10 uly 20 September 4 200 units at 28 November 18 December 2 500 300 units at 25 August 20 150 100 units at 30December 12200 The company uses the periodic inventory method. Instructions FO, and (4) average cost. (a) Determine ending inventory under (1) specific identification, (2) FIFO, (3) LI (b) 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 $20 per unit) ER-20 1nal Bolla.Vala IFOI Oacis Companv has used the dollar-value LIFO method for inventory cost determination at all b