Bramble Company was formed on December 1, 2016. The following information is available from Brambles...
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Accounting
Bramble Company was formed on December 1, 2016. The following information is available from Brambles inventory records for Product BAP.
Units
Unit Cost
January 1, 2017 (beginning inventory)
744
$ 8.00
Purchases:
January 5, 2017
1,488
9.00
January 25, 2017
1,612
10.00
February 16, 2017
992
11.00
March 26, 2017
744
12.00
A physical inventory on March 31, 2017, shows 1,984 units on hand-Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method. -Prepare schedule to compute the ending inventory at March 31, 2017, under LIFO inventory method. Calculate average-cost per unit-Weighted average-cost per unit-Compute the ending inventory at March 31, 2017, under Weighted-average inventory method
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