Do not give solution in image Frate Company was formed on December 1, 2018, and uses the periodic inventorysystem. The following information is available from Frate's inventory records forProduct Ply:January 1, 2019 (beginning inventory)PurchasesJanuary 6, 2019January 25, 2019February 17, 2019March 27, 20191,900A physical inventory on March 31, 2019, shows 7,600 units on hand.Required:1. FIFOPrepare schedules to compute the ending inventory at March 31, 2019, under eachof the following inventory methods.March 27, 2019February 17, 2019January 25, 2019 [portion)March 31, 2018 inventory2. LIFOUnits Unit Cost3,000$4.00FRATE COMPANYComputation of Inventory UnderFIFO Inventory MethodMarch 31, 2019Beginning inventoryJanuary 6, 2019 (portion)March 31, 2019 inventory4,5004,200March 31, 2019FRATE COMPANYComputation of Inventory UnderLIFO Inventory Method3. Weighted averageBegiving inventoryJanuary 6, 2019January 25, 2019February 17, 2019March 27, 2019TotalWeighted average costMarch 31, 2019 inventory9.0010.00Units Unit cost Total costFRATE COMPANYComputation of Inventory UnderWeighted Average InventoryMethodMarch 31, 2019Units Unit cost Total costUnits Unit cost Total cost

Name: Do not give solution in image Frate Company was formed on December 1,
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Do not give solution in image Frate Company was formed on December 1, 2018, and uses the periodic inventorysystem. The following information is available from Frate's inventory records forProduct Ply:January 1, 2019 (beginning inventory)PurchasesJanu