Solution-Prepare schedules to compute the ending inventory

Prepare schedules to compute the ending inventory at march

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Reference no: EM13999388

Shania Twain Company was formed on December 1, 2013. The following information is available from Twain's inventory records for Product BAP.

	Units	Unit Cost
January 1, 2014 (beginning inventory)	850	$ 8
Purchases:
January 5, 2014	1,699	9
January 25, 2014	1,841	10
February 16, 2014	1,133	11
March 26, 2014	850	12

A physical inventory on March 31, 2014, shows 2,266 units on hand.

(a) Prepare schedules to compute the ending inventory at March 31, 2014, under FIFO inventory methods. (Round answer to 0 decimal places, e.g. 2,760.)

		FIFO
Ending Inventory at March 31, 2014		$

Reference no: EM13999388

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Prepare schedules to compute the ending inventory at march : Shania Twain Company was formed on December 1, 2013. The following information is available from Twain's inventory records for Product BAP. A physical inventory on March 31, 2014, shows 2,266 units on hand. Prepare schedules to compute the ending inv..

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Prepare schedules to compute the ending inventory at march

Reference no: EM13999388

Reference no: EM13999388

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