Sandhill Company was formed on December 1, 2019. The following information is available from Sandhill's inventory record for Product X. Units Unit Cost January 1, 2020 (beginning inventory) 2.200 $22 Purchases: January 5, 2020 2,700 $24 January 25, 2020 2,400 $25 February 16, 2020 1,300 $26 March 15, 2020 2,600 $27 A physical inventory on March 31, 2020, shows 3,000 units on hand. Prepare schedules to compute the ending inventory at March 31, 2020, under FIFO method. Sandhill Company COMPUTATION OF INVENTORY FOR PRODUCTX UNDER FIFO INVENTORY METHOD