Carla Vista Company was formed on December 1, 2019. The following information is available from Carla Vista's inventory record for Product X.

			Units		Unit Cost
January 1, 2020 (beginning inventory)			2,200		$17
Purchases:
	January 5, 2020		2,700		$19
	January 25, 2020		2,400		$20
	February 16, 2020		1,300		$21
	March 15, 2020		2,600		$22

A physical inventory on March 31, 2020, shows 3,000 units on hand.

(a)

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Prepare schedules to compute the ending inventory at March 31, 2020, under FIFO method.

Carla Vista Company COMPUTATION OF INVENTORY FOR PRODUCT X UNDER FIFO INVENTORY METHOD March 31, 2020
		Units		Unit Cost		Total Cost
March 15, 2020		$ 2600		$ 22		$ 57200
February 16, 2020		400		21		8400
March 31, 2020, inventory		3000				65600

Prepare schedules to compute the ending inventory at March 31, 2020, under LIFO method. Carla Vista Company COMPUTATION OF INVENTORY FOR PRODUCTX UNDER LIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Beginning inventory January 5, 2020 (portion) Total Cost March 31, 2020, inventory