(Solution) - The Frate Company was formed on December 1 2006 The -(2025 Original AI-Free Solution)

Paper Details

The Frate Company was formed on December 1, 2006. The following information is available from Frate?s inventory records for Product Ply:

A physical inventory on March 31, 2007 shows 1,600 units on hand.

Required
Prepare schedules to compute the ending inventory at March 31, 2007 under each of the following inventory methods:
1. FIFO
2. LIFO
3. Weighted average Show supporting computations in goodform.