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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
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: A physical inventory on March 31, 2016 shows 9,000 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.) FRATE COMPANY Computation of Inventory for Product Ply Under FIFO Inventory Method March 31, 2016 2. LIFO FRATE COMPANY Computation of Inventory for Product Ply Under LIFO Inventory Method March 31, 2016 3. Weighted average
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