Chapter 8 Develop a response in either Word or Excel and upload here for grading. 1. The following information is available from Jansen's inventory records for Product X: Units Unit Cost January 1, 2012 (Beg. Inventory.) 800 $9.00 Purchases January 5, 2012 1,300 $10.00 January 25, 2012 1,200 $10.50 February 16, 2012 500 $11.00 March 26, 2012 900 $11.50 A physical inventory on March 31, 2012 shows 1,600 units on hand REQUIRED Compute the ending inventory (assuming periodic system) at March 31, 2012, under each of the following inventory methods: (a) FIFO (b) LIFO a. Weighted Average 2. Aber Company manufactures one product On December 31, 2011, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $270,000. Inventory data are as follows: Drice inday Compute the ending inventory (assuming periodic system) at March 31, 2012, under each of the following inventory met (a) FIFO (b) LIFO a. Weighted Average 2. Aber Company manufactures one product. On December 31, 2011. Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $270,000. Inventory data are as follows: Inventory at Price index Year year-end prices (base year 2011) 2012 $378,000 1.05 2013 552,000 1.15 2014 575,000 1.25 REQUIRED Compute the inventory at December 31, 2012, 2013, and 2014, using the dollar-value LIFO method for each year