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Exercise 8-12 Margaret Moore Company was formed on December 1, 2019. The following information is available from Moore's inventory records for Product BAP. Units 780
Exercise 8-12 Margaret Moore Company was formed on December 1, 2019. The following information is available from Moore's inventory records for Product BAP. Units 780 Unit Cost $ 6 January 1, 2020 (beginning inventory) Purchases: January 5, 2020 January 25, 2020 February 16, 2020 March 26, 2020 1,560 1,690 1,040 780 7 8 9 10 A physical inventory on March 31, 2020, shows 2,080 units on hand. Prepare schedule to compute the ending inventory at March 31, 2020, under FIFO inventory method. MARGARET MOORE COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost S Prepare schedule to compute the ending inventory at March 31, 2020, under LIFO inventory method. MARGARET MOORE COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER LIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost S Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average-cost per unit S Compute the ending inventory at March 31, 2020, under Weighted-average inventory method. (Round answer to 0 decimal places, e.g. 2,760.) Weighted-Average Ending Inventory at March 31, 2020 $ Click if you would like to Show Work for this question: Open Show Work
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