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Sunland Company was formed in 2016 and maintains its books and records on calendar-year basis. The following information is available from Sunland's inventory records for
Sunland Company was formed in 2016 and maintains its books and records on calendar-year basis. The following information is available from Sunland's inventory records for Zhao's only product, the XL5500. Units Unit Cost January 1, 2017 (beginning Inventory) 1,200 $77.00 January 8, 2017 January 23,2017 February 9, 2017 February 25, 2017 300 1,250 350 650 78.00 80,00 82.00 84.00 A physical inventory on February 28,2017, shows 1,250 units on hand. Prepare schedule to compute the ending inventory at February 28, 2017, under FIFO inventory method. (Round unit costs to 2 decimal places, eg. 5.25 and final answers to O decimal places, eg. 5,272) SUNLAND Company COMPUTATION OF INVENTORY FOR PRODUCT XL5500 UNDER FIFO INVENTORY METHOD Units Unit Cost Total Cost Prepare schedule to compute the ending inventory at February 28, 2017, under LIFO inventory method. (Round unit costs to 2 decimal places, eg. 5.25 and final answers to O decimal places, eg. 5,272) SUNLAND Company COMPUTATION OF INVENTORY FOR PRODUCT XL5500 UNDER LIFO INVENTORY METHOD Units Unit Cost Total Cost eTextbook and Media Calculate weighted average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76) Weighted average-cost per unit e Textbook and Media Compute the ending inventory at February 28, 2017, under weighted-average inventory method. (Round answer to O decimal places, e.g. 2,760) Weighted-Average Ending Inventory at February 28, 2017
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