Exercise 8-12 (Part Level Submission)

Carla Company was formed on December 1, 2016. The following information is available from Carlas inventory records for Product BAP. LIFO

Exercise 8-12 (Part Level Submission) Carla Company was formed on December 1, 2016. The following information is available from Carla's inventory records for Product BAP Units Unit Cost 9.00 January 1, 2017 (beginning inventory) 660 Purchases: January 5, 2017 1,320 10.00 1,430 January 25, 2017 11.00 February 16, 2017 12.00 880 March 26, 2017 13.00 660 A physical inventory on March 31, 2017, shows 1,760 units on hand