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Exercise 8-12 (Part Level Submission) Waterway Company was formed on December 1, 2016. The following information is available from Waterways inventory records for Product BAP.

Exercise 8-12 (Part Level Submission)

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

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ment Exercise 8-12 (Part Level Submission) Waterway Company was formed on December 1, 2016. The following information is available from Waterway's inventory records for Product BAP. Units Unit Cost January 1, 2017 (beginning inventory) Purchases 606 $9.00 January 5, 2017 January 25, 2017 February 16, 2017 March 26, 2017 1,212 1,313 808 606 10.00 11.00 12.00 13.00 A physical inventory on March 31, 2017, shows 1,616 units on hand

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