RECOMMENDED!!ACC/349-Monty Company was formed on December
Monty Company was formed on December 1, 2016. The following information is available from Monty’s inventory records for Product BAP.UnitsUnit CostJanuary 1, 2017 (beginning inventory) 732 $ 8.00Purchases: January 5, 2017 1,464 9.00 January 25, 2017 1,586 10.00 February 16, 2017 976 11.00 March 26, 2017 732 12.00A physical inventory on March 31, 2017, shows 1,952 units on hand.Collapse question part(a)Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method.MONTY COMPANYCOMPUTATION OF INVENTORY FOR PRODUCTBAP UNDER FIFO INVENTORY METHODMarch 31, 2017UnitsUnit CostTotal Cost$$$
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