Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition):
44 units at $96
74 units at $76
172 units at $50
Sales for the year totaled 271 units, leaving 19 units on hand at the end of the year.
Ending inventory using the average cost method is: (Do not round unit cost calculation. Round your final answer to the nearest whole dollar amount.)
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On January 1, 2018, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,200. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below:
Year-end Ending inventory at
year-end costs Cost Index
2018 $ 126,630 1.05 2019 143,880 1.10 2020 154,440 1.20 In determining the inventory balance should Badger report in its 12/31/2019 balance sheet: