Sheridan Company was formed on December 1, 2019. The following information is available from Sheridan's inventory record for Product X Units Unit Cost $18 2,200 January 1, 2020 (beginning inventory) Purchases: January 5, 2020 January 25, 2020 February 16, 2020 March 15, 2020 2,700 2,400 1.300 $20 $21 $22 $23 2,600 A physical inventory on March 31, 2020, shows 3,200 units on hand. Prepare schedules to compute the ending inventory at March 31, 2020, under FIFO method. Sheridan Company COMPUTATION OF INVENTORY FOR PRODUCTX UNDER FIFO INVENTORY METHOD March 31, 2020 Units Unit Cost $ Total Cost March 15, 2020 February 16, 2020 March 31, 2020, inventory Prepare schedules to compute the ending inventory at March 31, 2020. under FIFO method. Sheridan Company COMPUTATION OF INVENTORY FOR PRODUCT X UNDER FIFO INVENTORY METHOD March 31, 2020 Units Unit Cost $ Total Cost March 15, 2020 February 16, 2020 March 31, 2020, inventory Prepare schedules to compute the ending inventory at March 31, 2020, under LIFO method. Company COMPUTATION OF INVENTORY FOR PRODUCT X UNDER LIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost $ Beginning inventory January 5, 2020 (portion) March 31, 2020, inventory UNDER LIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost Beginning inventory $ $ January 5, 2020 (portion) March 31, 2020, inventory Prepare schedules to compute the ending inventory at March 31, 2020, under weighted average method. (Round unit cost to 2 decimal places, eg. 52.75) Company COMPUTATION OF INVENTORY FOR PRODUCT X UNDER WEIGHTED-AVERAGE INVENTORY METHOD March 31, 2020 Units Unit Cost $ Total Cost $ Beginning inventory January 5, 2020 January 25, 2020 February 16, 2020 March 15, 2020 $ March 31, 2020, inventory