Problem 160 Jones Company was formed on December 1, 2016The following information is available from Jones's inventory record for Product X. Units Unit Cost January 1, 2017 (beginning inventory) Purchases: 2,400 $18.00 January 5, 2017 January 25, 2017 February 16, 2017 March 15, 2017 3,900 $20.00 3,600 $21.00 1,500 $22.00 2,700 $23.00 A physical inventory on March 31, 2017, shows 3,000 units on hand