Elizabeth Brown Company was formed on December 1, 2019. The following information is available from Brown's inventory records for Product BAP. Units Unit Cost January 1, 2020 (beginning inventory) 540 $9 Purchases: January 5, 2020 1,080 10 January 25, 2020 1.170 11 February 16, 2020 720 12 March 26, 2020 540 13 A physical inventory on March 31, 2020, shows 1,440 units on hand. Your answer is correct. Prepare schedule to compute the ending inventory at March 31, 2020, under FIFO inventory method. ELIZABETH BROWN COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Purchases March 26, 2020 540 $ Purchases February 16, 2020 720 Purchases January 25, 2020 180 Ending Inventory 1440 13 12 11 $ $ Total Cost 7020 8640 1980 17640 Your answer is correct. Prepare schedule to compute the ending inventory at March 31, 2020, under LIFO inventory method. ELIZABETH BROWN COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER LIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Beginning Inventory 540 $ Purchases January 5, 2020 900 Ending Inventory 1440 eTextbook and Media * Your answer is incorrect. Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average-cost per unit $ 12.25 eTextbook and Media 9 10 $ $ Total Cost 4860 9000 13860 * Your answer is incorrect. Compute the ending inventory at March 31, 2020, under Weighted-average inventory method. (Round answer to O decimal places, e.g. 2,760.) Weighted-Average Ending Inventory at March 31, 2020 14, eTextbook and Media