For the weighted-average method, round calculations to two decimal places. If required, round your final answers to the nearest cent.

1. Calculate the total amount to be assigned to the ending inventory under each of the following periodic inventory methods:

a. FIFO $

b. Weighted-average $

2. Assume that the market price per unit (cost to replace) of Bouie's inventory on December 31, 20--, was $39. Calculate the total amount to be assigned to the ending inventory on December 31 under each of the following methods:

a. FIFO lower-of-cost-or-market $

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

er-of-Cost-or-Market 3. What journa no entry is requ the weighted-average method, round calculations to two decimal places. If required, round your final answers to the nearest cent. 1. Calculate the total amount to be assigned to the ending inventory under each of the following periodic inventory o periodic inventoryLoss on wri ethods. 2. Assume that the market price per unit (cost to replace) of Bouie's inventory on December 31, 20--, was $39. No entry requ alculate the total amount to be assigned to the ending inventory on December 31 under each of the following ethods b. -what journal entry would be made under lower-of-cost-or-market for parts 2(a) FIFO and 2(b) weighted-average f no entry is required, type "No entry required" for the account name and leave the amount boxes blank or enter "o* Bouie Company's beginning inventory and purchases during the fiscal year ended December 31, 20-, were as follows: Units Unit Price $28 34 35 40 Total Cost Jan. 1 Beginning inventory 1st purchase 2nd purchase 3rd purchase $560 Mar. 5 Sept. 9 Dec. 8 748 $3,028