Name Jones Company was formed on December 1 2016 The record

Name Jones Company was formed on December 1, 2016. The record for Product X. Jones uses the perpetual invento following information is available from Jones\'s invent January 1, 2017 (beginning inventory) Purchases Units 2,400 $18.00 January 5, 2017 January 25, 2017 February 16, 2017 March 15, 2017 3,900 3,600 1,500 2,700 $20.00 $21.00 $22.00 $23.00 A physical inventory on March 31, 2017, shows 3,000 units on hand. inventory methods eus to compute the ending inventory at March 31, 2017, under each of the following A. FIFO B. LIFO C. Weighted-average. thods: S ho w supporting computations in good form. D2400 43200 20-1,6oo ? 5526O

Solution

68700

Total Units Purchased (2400+3900+3600+1500+2700)

Here in this case there will not be any difference in shedules when it is periodically.

FIFO METHOD
300x22	6600
2700x23	62100
TOTAL	68700