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hania Twain Company was formed on December 1, 2013. The following information is available from Twains inventory records for Product BAP. Units Unit Cost January
hania Twain Company was formed on December 1, 2013. The following information is available from Twains inventory records for Product BAP.
Units | Unit Cost | |
January 1, 2014 (beginning inventory) | 838 | $7 |
Purchases: | ||
January 5, 2014 | 1,676 | 8 |
January 25, 2014 | 1,816 | 9 |
February 16, 2014 | 1,118 | 10 |
March 26, 2014 | 838 | 11 |
A physical inventory on March 31, 2014, shows2,235units on hand.
(a) Prepare schedules to compute the ending inventory at March 31, 2014, under FIFO inventory methods.(Round answer to 0 decimal places, e.g. 2,760.)FIFO | |
Ending Inventory at March 31, 2014 | $ |
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