Prepare schedule to compute the ending inventory
Course:- Accounting Basics
Reference No.:- EM131677754

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Question -

Pharoah Company was formed on December 1, 2016. The following information is available from Pharoah's inventory records for Product BAP.



Unit Cost

January 1, 2017






January 5, 2017



January 25, 2017



February 16, 2017



March 26, 2017



A physical inventory on March 31, 2017, shows 1,952 units on hand.

Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method.

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