Question: Shania Twain Company was formed on December 1 2013 The

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 1,600 units on hand.

Instructions
Prepare schedules to compute the ending inventory at March 31, 2014, under each of the following inventory methods.
(a) FIFO.
(b) LIFO.
(c) Weighted-average (round unit costs to two decimalplaces).
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  • CreatedJune 03, 2013
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