Esplanade Company was formed on December 1, 2011. The following information is available from Esplanades inventory records
Question:
Esplanade Company was formed on December 1, 2011. The following information is available from Esplanade’s inventory records for Product BAP.
A physical inventory on March 31, 2012, shows 1,500 units on hand.
Instructions
Prepare schedules to compute the ending inventory at March 31, 2012, under each of the following inventory methods.
(a) FIFO. (b) LIFO. (c) Weighted-average.
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a FIFO Ending Inventory Date Purchases Sales Ending Inventory Units Unit Cost Total CostJan 1 Beginn...View the full answer
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