Question 12 Mills Company was formed on December 1, 2014. The following information is available from Mills inventory records for Product Zona Units Unit Cost January 1, 2015 (beginning inventory) 600 $8.00 Purchases: January 5, 2015 1,100 9.00 January 25, 2015 1,300 10.00 February 16, 2015 800 11.00 March 26, 2015 600 12.00 A physical inventory on March 31, 2015, shows 1,500 units on hand. Prepare a schedule to compute the ending inventory at March 31, 2015 under the FIFO inventory method. MILLS COMPANY Computation of Inventory for Product Zone Under FIFO Inventory Method March 31, 2015 Unit Cost Total Cost Units March 26, 2015 February 16, 2015 January 25, 2015 (portion) March 31, 2015, inventory ICMARAAN Prepare a schedule to compute the ending inventory at March 31, 2015 under the LIFO inventory method. MacBook Pro Help System Announcements Total Cost Unit Cost Units Beginning inventory January 5, 2015 (portion) March 31, 2015, inventory Total Cost Prepare a schedule to compute the ending inventory at March 31, 2015, under the weighted-average inventory method. (Round weighted-average e.g. 15.75 and Round the inventory on March to o decimal places, 0.g. 1,250.) MILLS COMPANY Computation of Inventory for Product Zone Under Weighted Average Inventory Method March 31, 2015 Units Unit Cost Beginning inventory January 5, 2015 January 25, 2015 February 16, 2015 March 26, 2015 Weighted-average cost March 31, 2015, inventory MacBook Pro 33 ;s . . S: B N9 0 61 o un