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Jennifer Davis Company was formed on December 1, 2019. The following information is available from Davis's inventory records for Product BAP. Units Unit Cost $7
Jennifer Davis Company was formed on December 1, 2019. The following information is available from Davis's inventory records for Product BAP. Units Unit Cost $7 1,800 January 1, 2020 (beginning inventory) Purchases: January 5, 2020 January 25, 2020 February 16, 2020 March 26, 2020 ooo 3,600 3.900 2,400 1,800 10 11 A physical inventory on March 31, 2020, shows 4,800 units on hand. Prepare schedule to compute the ending inventory at March 31, 2020, under FIFO inventory method. JENNIFER DAVIS COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost $ $ $ Prepare schedule to compute the ending inventory at March 31, 2020, under LIFO inventory method. JENNIFER DAVIS COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER LIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost $ $ $ e Textbook and Media Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average-cost per unit $ e Textbook and Media Compute the ending inventory at March 31, 2020, under Weighted-average inventory method. (Round answer to 0 decimal places, e.g. 2,760.) Weighted-Average Ending Inventory at March 31, 2020 $
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