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B D E F G H 6 Jones Company was formed on December 1, 2019. The following information is available from Jones's inventory record for
B D E F G H 6 Jones Company was formed on December 1, 2019. The following information is available from Jones's inventory record for Product X. Units Unit Cost January 1, 2020 (beginning inventory) 2,400 $ 18.00 Purchases: January 5, 2020 3,900 $ 20.00 January 25, 2020 3,600 $ 21.00 February 16, 2020 1,500 $ 22.00 March 15, 2020 2,700 $ 23.00 14,100 A physical inventory on March 31, 2020, shows 3,000 units on hand. Instructions Prepare schedules to compute the ending inventory at March 31, 2020, under each of the following inventory methods: (9 points) (a) FIFO. (b) LIFO. () Weighted-average
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