Question

The Frate Company was formed on December 1, 2009. The following information is available from Frate’s inventory records for Product Ply:


A physical inventory on March 31, 2010 shows 1,600 units on hand.

Required
Prepare schedules to compute the ending inventory at March 31, 2010 under each of the following inventory methods:
1. FIFO
2. LIFO
3. Weighted average
Show supporting computations in goodform.


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  • CreatedDecember 09, 2013
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