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Exercise 8-12 Kingbird Company was formed on December 1, 2016. The following information is available from Kingbird's inventory records for Product BAP Units Unit Cost

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Exercise 8-12 Kingbird Company was formed on December 1, 2016. The following information is available from Kingbird's inventory records for Product BAP Units Unit Cost January 1, 2017 (beginning inventory) Purchases 636 $7.00 January 5, 2017 January 25, 2017 February 16, 2017 March 26, 2017 1,272 1,378 848 636 8.00 9.00 10.00 11.00 A physical inventory on March 31, 2017, shows 1,696 units on hand

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