E8-12 (L03) (FIFO, LIFO, Average-Cost Inventory) Shania Twain Company was formed on December 1, 2016. The following information is available from Twain’s inventory records for Product BAP.
Purchases Sales April 1 (balance on hand) 600 @ $ 6.00 April 3 500 @ $10.00 4 1,500 @ 6.08 9 1,400 @ 10.00 8 800 @ 6.40 11 600 @ 11.00 13 1,200 @ 6.50 23 1,200 @ 11.00 21 700 @ 6.60 27 900 @ 12.00 29 500 @ 6.79 4,600 5,300 Units Unit Cost January 1, 2017 (beginning inventory) 600 $ 8.00 Purchases:
January 5, 2017 1,200 9.00 January 25, 2017 1,300 10.00 February 16, 2017 800 11.00 March 26, 2017 600 12.00 A physical inventory on March 31, 2017, shows 1,600 units on hand.
Instructions Prepare schedules to compute the ending inventory at March 31, 2017, under each of the following inventory methods.

(a) FIFO

(b) LIFO.

(c) Weighted-average (round unit costs to two decimal places).