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Carla Vista Company was formed in 2016 and maintains its books and records on calendar-year basis. The following information is available from Carla Vistas inventory

Carla Vista Company was formed in 2016 and maintains its books and records on calendar-year basis. The following information is available from Carla Vistas inventory records for Zhaos only product, the XL5500.

Units

Unit Cost

January 1, 2017 (beginning inventory)

1,000

$ 77.00

Purchases

January 8, 2017

450

78.00

January 23, 2017

1,100

78.25

February 9, 2017

400

82.00

February 25, 2017

700

84.00

A physical inventory on February 28, 2017, shows 1,300 units on hand.

Prepare schedule to compute the ending inventory at February 28, 2017, under FIFO inventory method. (Round unit costs to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 5,272.)

CARLA VISTA Company COMPUTATION OF INVENTORY FOR PRODUCT XL5500 UNDER FIFO INVENTORY METHOD choose the accounting periodchoose the accounting period For the Quarter Ended February 28, 2017For the Year Ended February 28, 2017February 28, 2017

Units

Unit Cost

Total Cost

select an opening nameselect an opening name Beginning InventoryPurchases January 8, 2017Purchases January 23, 2017Purchases February 9, 2017Purchases February 25, 2017February 28, 2017, Inventory

enter a dollar amount

$ enter a dollar amount

$ enter a dollar amount

select an itemselect an item Beginning InventoryPurchases January 8, 2017Purchases January 23, 2017Purchases February 9, 2017Purchases February 25, 2017February 28, 2017, Inventory

enter a dollar amount

enter a dollar amount

enter a dollar amount

select an itemselect an item Beginning InventoryPurchases January 8, 2017Purchases January 23, 2017Purchases February 9, 2017Purchases February 25, 2017February 28, 2017, Inventory

enter a dollar amount

enter a dollar amount

enter a dollar amount

select a closing nameselect a closing name Beginning InventoryPurchases January 8, 2017Purchases January 23, 2017Purchases February 9, 2017Purchases February 25, 2017February 28, 2017, Inventory

enter a total amount

$ enter a total amount

Prepare schedule to compute the ending inventory at February 28, 2017, under LIFO inventory method. (Round unit costs to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 5,272.)

CARLA VISTA Company COMPUTATION OF INVENTORY FOR PRODUCT XL5500 UNDER LIFO INVENTORY METHOD choose the accounting periodchoose the accounting period For the Year Ended February 28, 2017February 28, 2017For the Quarter Ended February 28, 2017

Units

Unit Cost

Total Cost

select an opening nameselect an opening name Beginning InventoryPurchases January 8, 2017Purchases January 23, 2017Purchases February 9, 2017Purchases February 25, 2017February 28, 2017, Inventory

enter a dollar amount

$ enter a dollar amount

$ enter a dollar amount

select an itemselect an item Beginning InventoryPurchases January 8, 2017Purchases January 23, 2017Purchases February 9, 2017Purchases February 25, 2017February 28, 2017, Inventory

enter a dollar amount

enter a dollar amount

enter a dollar amount

select a closing nameselect a closing name Beginning InventoryPurchases January 8, 2017Purchases January 23, 2017Purchases February 9, 2017Purchases February 25, 2017February 28, 2017, Inventory

enter a total amount

$ enter a total amount

Calculate weighted average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)

Weighted average-cost per unit

$ enter the weighted average-cost per unit rounded to 2 decimal places

Compute the ending inventory at February 28, 2017, under weighted-average inventory method. (Round answer to 0 decimal places, e.g. 2,760.)

Weighted-Average

Ending Inventory at February 28, 2017

$ enter a dollar amount rounded to 0 decimal places

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