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Jones Company was formed on December 1, 2019. The following information is available from Jones's inventory record for Product X. Unit Cost 2,400 January 1,

Jones Company was formed on December 1, 2019. The following information is available from Jones's inventory record for Product X. Unit Cost 2,400 January 1, 2020 (beginning inventory) $18.00 Purchases: January 5, 2020 3,900 $20.00 January 25, 2020 3,600 $21.00 February 16, 2020 1,500 $22.00 March 15, 2020 2,700 $23.00 Units A physical inventory on March 31, 2020, shows 3,000 units on hand. Instructions Prepare schedules to compute the ending inventory at March 31, 2020, under each of the following inventory methods: (a) FIFO. (b) LIFO. (c) Weighted-average. Show supporting computations in good form

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