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Flint Company was formed on December 1, 2016. The following information is available from Flints inventory records for Product BAP. Units Unit Cost January 1,

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

Units

Unit Cost

January 1, 2017 (beginning inventory) 684 $ 6.00
Purchases:
January 5, 2017 1,368 7.00
January 25, 2017 1,482 8.00
February 16, 2017 912 9.00
March 26, 2017 684 10.00
A physical inventory on March 31, 2017, shows 1,824 units on hand.

(a)

Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method.

FLINT COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2017

Units

Unit Cost

Total Cost

Beginning InventoryEnding InventoryPurchases January 5, 2017Purchases January 25, 2017Purchases February 16, 2017Purchases March 26, 2017

$

$

Beginning InventoryEnding InventoryPurchases January 5, 2017Purchases January 25, 2017Purchases February 16, 2017Purchases March 26, 2017

Beginning InventoryEnding InventoryPurchases January 5, 2017Purchases January 25, 2017Purchases February 16, 2017Purchases March 26, 2017

Beginning InventoryEnding InventoryPurchases January 5, 2017Purchases January 25, 2017Purchases February 16, 2017Purchases March 26, 2017

$

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