Alternative Inventory Methods Frate Company was formed on December 1, 2018, and uses the periodic inventory system. The following information is available from Frate’s inventory records for Product Ply:
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:
Show supporting computations in good form.
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