Question 1 Carla Vista Company was formed in 2016 and maintains its books and records...
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Question 1 Carla Vista Company was formed in 2016 and maintains its books and records on calendar-year basis. The following information is available from Carla Vista's inventory records for Zhao's only product, the XL5500. Units Unit Cost January 1, 2017 (beginning inventory) Purchases 1,050 $77.00 danuary 8, 2017 January 23, 2017 February 9, 2017 February 25, 2017 500 1,250 400 650 78.00 79.00 82.00 84.00 A physical inventory on February 28, 2017, shows 1,200 units on hand. Prepare schedule to compute the ending inventory at February 28, 2017, under FIFO inventory method. (Round unit costs to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places,e.g. 5,272.) CARLA VISTA Company COMPUTATION OF INVENTORY FOR PRODUCT XL5500 UNDER FIFO INVENTORY METHOD Units Unit Cost Total Cost
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