3b.

Barbara Jones Company was formed on December 1, 2019. The following information is available from Jones's inventory records for Product BAP Units Unit Cost January 1, 2020 (beginning inventory) 480 $6 Purchases: January 5, 2020 960 7 January 25, 2020 1,040 8 February 16, 2020 640 9 March 26, 2020 480 10 A physical inventory on March 31, 2020, shows 1,280 units on hand. Prepare schedule to compute the ending inventory at March 31, 2020, under LIFO inventory method. BARBARA JONES COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER LIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost furchases March 26, 2020 . 480 10 4800 'urchases February 16, 2020 640 5760 Purchases January 25, 2020 - 1280 A 1280