d dollars, determine the inves a. Assuming that periodic inventory recorus and (2) average-cost. b. Assuming that perpetual inventory records are kept in both units and dollars, determin tory at April 30 using (1) FIFO and (2) average-cost. c. In an inflationary period, which inventory method-FIFO or average cost will show net income? -cost-will show the highest E8.10(L03) (FIFO and Average-Cost Inventory) Esplanade SA was formed on December The following information is available from Esplanade's inventory records for Product BAP. Units 600 Unit Cost RS 8.00 January 1, 2019 (beginning inventory) Purchases: January 5, 2019 January 25, 2019 February 16, 2019 March 26, 2019 1,100 1,300 800 600 9.00 10.00 11.00 12.00 A physical inventory on March 31, 2019, shows 1.500 units on hand. Instructions Assuming Esplanade uses a periodic system, prepare schedules to compute the ending inventory March 31, 2019, under each of the following inventory methods (round to two decimal places) a. Specific identification. b. FIFO. e. Weighted average. Under(), 400 units from the beginning inventory are on hand and 1.100 units from the January chase are on hand