Mills Company was formed on December 1, 2014. The following information is available from Mills inventory records
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Mills Company was formed on December 1, 2014. The following information is available from Mills’ inventory records for Product Zone.
A physical inventory on March 31, 2015, shows 1,500 units on hand.
Instructions Prepare schedules to compute the ending inventory at March 31, 2015, under each of the following inventory methods (round to two decimal places).
(a) FIFO.
(b) LIFO.
(c) Weighted-average.
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Related Book For 
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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