Frate Company was formed on January 1,20X1. The following information is available from Frate's inventory records for Product Ply: A physical inventory on December 31,20X1, shows 1,600 units on hand. Required: Prepare schedules to compute the ending inventory at December 31, 20X1, and cost of goods sold for the year ended December 31 , 20X1, under each of the following inventory methods: 1. FIFO 2. LIFO 3. Weighted average