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Wildhorse Company was formed in 2016 and maintains its books and records on calendar-year basis. The following information is available from Wildhorse's inventory records for
Wildhorse Company was formed in 2016 and maintains its books and records on calendar-year basis. The following information is available from Wildhorse's inventory records for Zhao's only product, the XL5500. Units 1.000 Unit Cost $82 January 1, 2017 (beginning inventory) Purchases January 8, 2017 January 23, 2017 February 9, 2017 February 25, 2017 300 1,450 300 700 83 84.00 87 89 A physical inventory on February 28, 2017, shows 1,200 units on hand. (a) 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 decimal places, eg. 5,272.) WILDHORSE Company COMPUTATION OF INVENTORY FOR PRODUCT XL5500 UNDER FIFO INVENTORY METHOD February 28, 2017 Units Unit Cost $ Total Cost $ $ e Textbook and Media Save for Later Last saved 6 minutes ago. Saved work will be auto-submitted on the due date. Attempts: 0 of 3 used Submit Answer (b) 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.) WILDHORSE Company COMPUTATION OF INVENTORY FOR PRODUCT XL5500 UNDER LIFO INVENTORY METHOD Units Unit Cost Total Cost $ $ $ e Textbook and Media e (b) Prepare schedule to compute the ending inventory at February 28, 2017, under LIFO inventory method. (Round unit costs to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, eg. 5,272.) WILDHORSE Company COMPUTATION OF INVENTORY FOR PRODUCT XL5500 UNDER LIFO INVENTORY METHOD Units Unit Cost Total Cost $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c1) 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 Save for Later Attempts: 0 of 3 used Submit Answer (c2) Compute the ending inventory at February 28, 2017, under weighted average inventory method. (Round answer to 0 decimal places, eg. 2,760.) Weighted-Average Ending Inventory at February 28, 2017 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
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