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Bush Corporation began operations on December 1, 2010. The only inventory transaction in 2010 was...

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Bush Corporation began operations on December 1, 2010. The only inventory transaction in 2010 was the purchase of inventory on December 10, 2010, at a cost of $20 per unit. None of this inventory was sold in 2010. Relevant information for fiscal 2011 is as follows: Ending inventory units: 100 December 31, 2010 December 31, 2011, by purchase date December 2, 2011 July 20, 2011 100 30 130 During 2011, the following purchases and sales were made: Purchases Sales Mar. 15 July 20 Sept. 4 Dec. 2 300 units at $24 300 units at $25 200 units at $28 100 units at $30 Apr. 10 Aug. 20 Nov. 18 Dec. 12 200 300 170 200 LUT, TUNIOWITy pullnases and sales were made: Purchases Sales 200 300 Mar. 15 July 20 Sept. 4 Dec. 2 300 units at $24 300 units at $25 200 units at $28 100 units at $30 Apr. 10 Aug. 20 Nov. 18 Dec. 12 170 200 The company uses the periodic inventory system. Required: 1. Determine ending inventory in dollars and units under a. Specific Identification b. FIFO, and c. Weighted Average. 2. Assuming this company uses a perpetual inventory system determine ending inventory in dollars and units for moving weighted average

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