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During June, the following changes in inventory item 27 took place: une1 a 1,400 units $36 14 Purchased80 units@$54 24 Purchased 700 units $45 400 units@ $75 1,000 units $60 500 units @ $66 8 Sold 10 Sold 29 Sold Perpetual inventories are maintained. What is the cost of the ending inventory for item 27 under the FIFO method? Cost of the ending inventory What is the cost of the ending inventory for item 27 under the LIFO method? Cost of the ending inventory anuary 1, 2017 (beginning inventory) 2,400 $18.00 Purchases: January 5, 2017 anuary 25, 2017 February 16, 2017 March 15, 2017 3,900 $20.00 3,600 $21.00 1,500 $22.00 2,700 $23.00 A physical inventory on March 31, 2017, shows 3,000 units on hand. Prepare schedules to compute the ending inventory at March 31, 2017, under FIFO method Jones Company COMPUTATION OF INVENTORY FOR PRODUCT X UNDER FIFO INVENTORY METHOD March 31, 2017 Units Unit Cost Total Cost March 15, 2017 February 16, 2017 March 31, 2017, inventory Prepare schedules to compute the ending inventory at March 31, 2017, under LIFO method. Jones Company COMPUTATION OF INVENTORY FOR PRODUCTX UNDER LIFO INVENTORY METHOD March 31, 2017 Units Unit Cost Total Cost Beginning inventory anuary 5, 2017 (portion) March 31, 2017, inventory Prepare schedules to compute the ending inventory at March 31, 2017, under weighted-average method. (Round unit cost to 2 decimal places, e.g. 52.75) Jones Company COMPUTATION OF INVENTORY FOR PRODUCTX UNDER WEIGHTED-AVERAGE INVENTORY METHOD March 31, 2017 Units Unit Cost Total Cost Beginning inventory January 5, 2017 anuary 25, 2017 February 16, 2017 March 15, 2017 March 31, 2017, inventory

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