Problem - Ayayai Company was formed on December 1, 2016. The following information is available from Ayayai's inventory records for Product BAP.
Units Unit Cost
January 1, 2017 (beginning inventory) 642 $ 9.00
Purchases:
January 5, 2017 1,284 10.00
January 25, 2017 1,391 11.00
February 16, 2017 856 12.00
March 26, 2017 642 13.00
A physical inventory on March 31, 2017, shows 1,712 units on hand.
Required - Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method.