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.

(a)

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

SHARON LEE COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2020
		Units		Unit Cost		Total Cost
Beginning InventoryEnding InventoryPurchases January 5, 2020Purchases January 25, 2020Purchases February 16, 2020Purchases March 26, 2020				$		$
Beginning InventoryEnding InventoryPurchases January 5, 2020Purchases January 25, 2020Purchases February 16, 2020Purchases March 26, 2020
Beginning InventoryEnding InventoryPurchases January 5, 2020Purchases January 25, 2020Purchases February 16, 2020Purchases March 26, 2020
Beginning InventoryEnding InventoryPurchases January 5, 2020Purchases January 25, 2020Purchases February 16, 2020Purchases March 26, 2020						$