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Sharon Lee Company was formed on December 1, 2019. The following information is available from Lees inventory records for Product BAP. Units Unit Cost January

Sharon Lee Company was formed on December 1, 2019. The following information is available from Lees inventory records for Product BAP.

Units

Unit Cost

January 1, 2020 (beginning inventory) 1,440 $ 8
Purchases:
January 5, 2020 2,880 9
January 25, 2020 3,120 10
February 16, 2020 1,920 11
March 26, 2020 1,440 12

A physical inventory on March 31, 2020, shows 3,840 units on hand.

Prepare schedule to compute the ending inventory at March 31, 2020, under LIFO inventory method.

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