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ones Company was formed on December 1, 2016. The following information is available from Jones's inventory record for Product X. Unit Cost Units 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 PRODUCTX 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. 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

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