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Carla Vista Company was formed on December 1, 2019. The following information is available from Carla Vista's inventory record for Product X. Unit Cost $17
Carla Vista Company was formed on December 1, 2019. The following information is available from Carla Vista's inventory record for Product X. Unit Cost $17 Units January 1, 2020 (beginning inventory) 2,200 Purchases: January 5, 2020 2,700 January 25, 2020 2,400 February 16, 2020 1,300 March 15, 2020 2,600 $19 $20 $21 $22 A physical inventory on March 31, 2020, shows 3,000 units on hand. (a) Prepare schedules to compute the ending inventory at March 31, 2020, under FIFO method. Carla Vista Company COMPUTATION OF INVENTORY FOR PRODUCTX UNDER FIFO INVENTORY METHOD March 31, 2020 Unit Cost March 15, 2020 $ $ Units Total Cost February 16, 2020 March 31, 2020, inventory
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