E8-14 (FIFO and Average-Cost Inventory) Esplanade Company was formed on December 1, 2014. The following information is available from Esplanade's inventory records for Product BAP. Units 600 Unit Cost R$ 8.00 January 1, 2015 (beginning inventory) Purchases: January 5, 2015 January 25, 2015 February 16, 2015 March 26, 2015 1,100 1,300 800 600 9.00 10.00 11.00 12.00 A physical inventory on March 31, 2015, shows 1,500 units on hand. Instructions Prepare schedules to compute the ending inventory at March 31, 2015, under each of the following inven- tory methods (round to two decimal places), (a) Specific identification. (b) FIFO. (c) Weighted-average. Under (a), 400 units from the beginning inventory are on hand and 1,100 units from the January 5 purchase are on hand