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15. Convert the following dollar-based inventory approach to a report based on the balance fraction approach. Discuss what you might infer from the balance-fraction-based

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15. Convert the following dollar-based inventory approach to a report based on the balance fraction approach. Discuss what you might infer from the balance-fraction-based report. Remaining Inventory Purchase Month Purchase Amount Jan $107,000 Feb $220,000 Mar Apr $400,000 $460,000 Jan Feb Mar Apr $43,000 $12,000 $82,000 $26,000 $100,000 $20,000 $105,000 Remaining Inventory Purchase Month Purchase Amount Jan Feb Mar Apr Jan $107,000 Feb $220,000 Mar $400,000 Apr $460,000

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