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Susan Wilson Company was formed on December 1, 2019. The following information is available from Wilson's inventory records for Product BAP. Units Unit Cost January
Susan Wilson Company was formed on December 1, 2019. The following information is available from Wilson's inventory records for Product BAP. Units Unit Cost January 1, 2020 (beginning inventory) 720 $7 Purchases: January 5, 2020 1,440 8 January 25, 2020 1,560 9 February 16, 2020 960 10 March 26, 2020 720 11 A physical inventory on March 31, 2020, shows 1,920 units on hand. (a) Prepare schedule to compute the ending inventory at March 31, 2020, under FIFO inventory method. SUSAN WILSON COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2020 Units $ Unit Cost $ $ Total Cost (b) Prepare schedule to compute the ending inventory at March 31, 2020, under LIFO inventory method. SUSAN WILSON COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER LIFO INVENTORY METHOD March 31, 2020 Units Unit Cost Total Cost $ $ (C1) Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average-cost per unit (c2) eTextbook and Media Save for Later $ Attempts: 0 of 10 used Submit Answer Compute the ending inventory at March 31, 2020, under Weighted-average inventory method. (Round answer to O decimal places, e.g. 2,760.) Weighted-Average Ending Inventory at March 31, 2020 $
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