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Sandhill Company was formed in 2016 and maintains its books and records on calendar-year basis. The following information is available from Sandhills inventory records for

Sandhill Company was formed in 2016 and maintains its books and records on calendar-year basis. The following information is available from Sandhills inventory records for Zhaos only product, the XL5500.

Units

Unit Cost

January 1, 2017 (beginning inventory) 1,200 $72
Purchases
January 8, 2017 350 73
January 23, 2017 1,200 73.25
February 9, 2017 350 77
February 25, 2017 600 79

A physical inventory on February 28, 2017, shows 1,250 units on hand.

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(a) Prepare schedule to compute the ending inventory at February 28, 2017, under FIFO inventory method. (Round unit costs to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, eg. 5,272.) SANDHILL Company COMPUTATION OF INVENTORY FOR PRODUCT XL5500 UNDER FIFO INVENTORY METHOD Units Unit Cost Total Cost

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