1. Alternative Inventory Methods Frate Company was formed on December 1, 2015, and uses the periodic inventory system. The following information is available from Frate's inventory records for Product Ply: Units January 1, 2016 (beginning inventory) 2,000 Purchases: January 6, 2016 2,700 January 25, 2016 2,400 February 17, 2016 1,800 March 27, 2016 2,100 A physical inventory on March 31, 2016 shows 4,000 units on hand. Required: For each method, enter your answers in chronological order. Prepare schedules to compute the ending inventory at March 31, 2016, under each of the following inventory methods: (For the weighted average method, round the average cost per unit to two decimal places.)