Alternative Inventory Methods

Frate Company was formed on December $1,2018,$ and uses the periodic inventory system. The following

information is available from Frate's inventory records for Product Ply:

A physical inventory on March $31,2019,$ shows $9,400$ units on hand.

Required:

Prepare schedules to compute the ending inventory at March $31,2019,$ under each of the following inventory

methods.

FIFO

FRATE COMPANY

Computation of Inventory Under FIFO Inventory Method

March $31,2019$

LIFO

FRATE COMPANY

Computation of Inventory Under LIFO Inventory

Method

March $31,2019$

Weighted average

FRATE COMPANY

Computation of Inventory Under Weighted Average

$3.$ Weighted average

FRATE COMPANY

Computation of Inventory Under Weighted Average Inventory Method

March $31,2019$

Units Unit cost Total cost

Beginning inventory fill in the blank $219$a$75047044$fb$4\_1$ $fill in the blank $219$a$75047044$fb$4\_2$ $fill in the blank $219$a$75047044$fb$4\_3$

January $6,2019$ fill in the blank $219$a$75047044$fb$4\_4$ fill in the blank $219$a$75047044$fb$4\_5$ fill in the blank $219$a$75047044$fb$4\_6$

January $25,2019$ fill in the blank $219$a$75047044$fb$4\_7$ fill in the blank $219$a$75047044$fb$4\_8$ fill in the blank $219$a$75047044$fb$4\_9$

February $17,2019$ fill in the blank $219$a$75047044$fb$4\_10$ fill in the blank $219$a$75047044$fb$4\_11$ fill in the blank $219$a$75047044$fb$4\_12$

March $27,2019$ fill in the blank $219$a$75047044$fb$4\_13$ fill in the blank $219$a$75047044$fb$4\_14$ fill in the blank $219$a$75047044$fb$4\_15$

Total fill in the blank $219$a$75047044$fb$4\_16$ $fill in the blank $219$a$75047044$fb$4\_17$

Weighted average cost $fill in the blank $219$a$75047044$fb$4\_18$

March $31,2019$ inventory fill in the blank $219$a$75047044$fb$4\_19$ $fill in the blank $219$a$75047044$fb$4\_20$ $fill in the blank $219$a$75047044$fb$4\_21$