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Exercise 8-12 Sunland Company was formed on December 1, 2016. The following information is available from Sunland's inventory records for Product BAP Units Unit Cost
Exercise 8-12 Sunland Company was formed on December 1, 2016. The following information is available from Sunland's inventory records for Product BAP Units Unit Cost January 1, 2017 (beginning inventory) Purchases 612 $6.00 January 5, 2017 January 25, 2017 February 16, 2017 March 26, 2017 1,224 1,326 816 612 7.00 8.00 9.00 10.00 A physical inventory on March 31, 2017, shows 1,632 units on hand Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method SUNLAND COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2017 Units Unit Cost Total Cost Prepare schedule to compute the ending inventory at March 31, 2017, under LIFO inventory method SUNLAND COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER LIFO INVENTORY METHOD March 31, 2017 Units Unit Cost Total Cost Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average-cost per unit Compute the ending inventory at March 31, 2017, under Weighted-average inventory method. (Round answer to 0 decimal places, e.g. 2,760., Weighted-Average Ending Inventory at March 31, 2017
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