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Gena Company was formed on December 1, 2013. The folowing information is available from Gena's inventory record for Product X. January 1, 2014 (beginning inventory)
Gena Company was formed on December 1, 2013. The folowing information is available from Gena's inventory record for Product X. January 1, 2014 (beginning inventory) Purchases UnitsUnit Cost 1,600 $18.00 January 5, 2014 January 25, 2014 February 16, 2014 March 15, 2014 2,600 2 400 1000 1,800 $20,00 $21.00 322.00 $23.00 A physical inventory on March 31. 2014, shows 2 000 units on hand Instructions Prepare schedules to compute the ending inventosy and cost of noods under each of the following inventory methods (a) FIFO. (b) LIFO (c) Weighted-average. Show supporing computations in good form sold at March 31, 2014 21300 $ 2000
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