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Shania Twain Company was formed on December 1, 2013. The following information is available from Twain's inventory records for Product BAP.
Units
Unit Cost
January 1, 2014 (beginning inventory)
850
$ 8
Purchases:
January 5, 2014
1,699
9
January 25, 2014
1,841
10
February 16, 2014
1,133
11
March 26, 2014
12
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.)
FIFO
Ending Inventory at March 31, 2014
$
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