(Answered) Question - pearl company was formed on december 1 2016 the

Accounting

Question - Pearl Company was formed on December 1, 2016. The following information is available from Pearl's inventory records for Product BAP.

	Units	Unit Cost
January 1, 2017 (beginning inventory)	696	$ 6.00
Purchases:
January 5, 2017	1,392	7.00
January 25, 2017	1,508	8.00
February 16, 2017	928	9.00
March 26, 2017	696	10.00

A physical inventory on March 31, 2017, shows 1,856 units on hand.

Prepare schedule to compute the ending inventory at March 31, 2017, under LIFO inventory method.

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