Exercise 8-12 Bonita Company was formed on December 1, 2016. The following information is available from Bonita's inventory records for Product BAP Units Unit Cost January 1, 2017 (beginning inventory) 714 $8.00 Purchases: January 5, 2017 January 25, 2017 February 16, 2017 March 26, 2017 1,428 1,547 952 714 9.00 10.00 11.00 12.00 A physical inventory on March 31, 2017, shows 1,904 units on hand Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method BONITA COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2017 Units Unit Cost Total Cost