Exercise 8-12 Elizabeth Brown Company was formed on December 1, 2019. The following information is available from Brown's inventory records for Product B Units 540 Unit Cost $ 9 10 January 1, 2020 (beginning inventory) Purchases: January 5, 2020 January 25, 2020 February 16, 2020 March 26, 2020 11 1,080 1,170 720 540 12 13 A physical inventory on March 31, 2020, shows 1,440 units on hand. 7 Your answer is partially correct. Try again. 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 Total Cost Beginning Inventory 540 9 4,860 Purchases January 5, 2020 1,080 10 10,800 M Purchases January 25, 2020 990 11 10,890 Ending Inventory 1,440 26,550