Martinez Company was formed on December 1, 2016. The following information is available from Martinezs inventory records for Product BAP. Units Unit Cost January 1, 2017 (beginning inventory) 696 $ 6.00 Purchases: January 5, 2017 1,392 7.00 January 25, 2017 1,508 8.00 February 16, 2017 928 9.00 March 26, 2017 696 10.00 A physical inventory on March 31, 2017, shows 1,856 units on hand. Collapse question part

(a) Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method.

MARTINEZ COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2017
		Units		Unit Cost		Total Cost
				$		$
						$

Last: Compute the ending inventory at March 31, 2017, under weighted average inventory method.

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