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Business, 02.07.2020 01:01 heids17043

Alternative Inventory Methods Frate Company was formed on December 1, 2018, and uses the periodic inventory system. The following information is available from Frates inventory records for Product Ply: Units Unit Cost January 1, 2019 (beginning inventory) 800 $ 9.00 Purchases: January 6, 2019 1,500 10.00 January 25, 2019 1,200 10.50 February 17, 2019 600 11.00 March 27, 2019 900 11.50 A physical inventory on March 31, 2019, shows 1,600 units on hand. Required: Prepare schedules to compute the ending inventory at March 31, 2019, under each of the following inventory methods. For each method, enter your answers in chronological order. Round your unit cost answers to two decimal places.

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