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Ruth Lewis Company was formed on December 1, 2019. The following information is available from Lewis's inventory records for Product BAP. Units Unit Cost January
Ruth Lewis Company was formed on December 1, 2019. The following information is available from Lewis's inventory records for Product BAP. Units Unit Cost January 1, 2020 (beginning inventory) 1,380 Purchases: January 5, 2020 2,760 January 25, 2020 2,990 February 16, 2020 1,840 March 26, 2020 1,380 A physical inventory on March 31, 2020, shows 3,680 units on hand. Prepare schedule to compute the ending inventory at March 31, 2020, under FIFO inventory method. RUTH LEWIS COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost e Textbook and Media Prepare schedule to compute the ending inventory at March 31, 2020, under LIFO inventory method. RUTH LEWIS COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER LIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost e Textbook and Media Calculate average-cost per unit. (Round answer to 2 decimal places, eg. 2.76.) Weighted average-cost per unit $ e Textbook and Media Compute the ending inventory at March 31, 2020, under Weighted average inventory method. (Round answer to 0 decimal places, eg. 2,760.) Weighted-Average Ending Inventory at March 31, 2020 $
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