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Jones Company was formed on December record for Product X. Jones uses the periodic inventory 1,2016. The following information is available from Jones's inventory me
Jones Company was formed on December record for Product X. Jones uses the periodic inventory 1,2016. The following information is available from Jones's inventory me thod. January 1, 2017 (beginning inventory) Purchases Units 2,400 Unit Cost $18.00 January 5, 2017 January 25, 2017 February 16, 2017 March 15, 2017 3,900 3,600 1,500 2,700 $20.00 $21.00 $22.00 $23.00 A physical inventory on March 31, 2017, shows 3,000 units on hand. Required: P repare schedules to compute the ending inventory at March 31, 2017, under each of the following ds: Show supporting computations in good form. A. FIFO B. LIFO C. Weighted-average
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