Question 3

Shania Twain Company was formed on December 1, 2013. The following information is available from Twains inventory records for Product BAP.

		Units		Unit Cost
January 1, 2014 (beginning inventory)		681		$ 7
Purchases:
January 5, 2014		1,362		8
January 25, 2014		1,476		9
February 16, 2014		908		10
March 26, 2014		681		11

A physical inventory on March 31, 2014, shows 1,816 units on hand.

Prepare schedules to compute the ending inventory at March 31, 2014, under FIFO inventory methods.

Ending Inventory At March 31, 2014, under FIFO Inventory Methods= $?

Prepare schedules to compute the ending inventory at March 31, 2014, under LIFO inventory methods.

Ending Inventory At March 31, 2014, under LIFO Inventory Method= $?

Calculate average-cost per unit.

Weighted average-cost per unit=$?

Prepare schedules to compute the ending inventory at March 31, 2014, under Weighted-average inventory methods.

Ending Inventory At March 31, 2014, under Weighted-average Inventory Methods= $?

Please Provide Work or Eplanation.