Frate Company was formed on December 1, 2012. The following information is available from Frate's inventory records for Product Ply:

A physical inventory on March 31, 2013, shows 1,600 units on hand.
Required:
Prepare schedules to compute the ending inventory at March 31, 2013, under each of the following inventory methods:
1. FIFO
2. LIFO
3. Weighted average
Show supporting computations in good form

Transcribed Image Text:

Units Unit Cost $ 9.00 January 1, 2013 (beginning inventory) Purchases: 030) January 6, 2013 arnauy 2, 2)13 February 17, 2013 March 27, 2013 1,500 1,200 60) 900 10.00 10.50 11.00 11.50