Shania Twain Company was formed on December 1, 2013. The following information is available from Twain's inventory records for Product BAP.
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Units
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Unit Cost
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January 1, 2014 (beginning inventory)
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850
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$ 8
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Purchases:
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January 5, 2014
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1,699
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9
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January 25, 2014
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1,841
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10
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February 16, 2014
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1,133
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11
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March 26, 2014
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850
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12
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A physical inventory on March 31, 2014, shows 2,266 units on hand.
(a) Prepare schedules to compute the ending inventory at March 31, 2014, under FIFO inventory methods. (Round answer to 0 decimal places, e.g. 2,760.)
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FIFO
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Ending Inventory at March 31, 2014
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$
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