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indont understand this question 1 and A to C Grant Company was formed on December 1, 2019. The following information is available from Grant's inventory

indont understand this question 1 and A to C image text in transcribed
Grant Company was formed on December 1, 2019. The following information is available from Grant's inventory record for Product X. Units Unit Cost January 1, 2020 (beginning inventory) 1,600 $18.00 Purchases: January 5, 2020 2,600 $20.00 January 25, 2020 2,400 $21.00 February 16, 2020 1,000 $22.00 March 15, 2020 1,800 $23.00 Grant Company sold 1,400 units during the first 3 months of the year. Instructions Prepare schedules to compute the ending inventory at March 31, 2020, under each of the following inventory methods using the periodic method: (a) FIFO. (b) LIFO. (c) Weighted average. Show supporting computations in good form. GIVE FE

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