Kindly, solve both requirements.

Question 1: ABC Company was formed on December 1, 2017. The following information is available from ABC's inventory record for Product X. Units Unit cost 1/1/2018 (Beginning Inventory) 1600 $18 Purchases: 05/01/2018 2600 $20 25/01/2018 2400 $21 16/02/2018 1000 $22 15/03/2018 1800 $23 A physical inventory on March 31, 2018, shows 2500 units on hand. Required: Prepare schedules to compute the ending inventory at March 31, 2018, under each of the following inventory methods: a) FIFO. b) Weighted-average. Show supporting computations in good form