Carla Company was formed on December 1, 2016. The following information is available from Carla's inventory records for Product BAP. Units Unit Cost January 1, 2017 (beginning inventory) 708 $ 7.00 Purchases: January 5, 2017 1,416 8.00 January 25, 2017 1,534 9.00 February 16, 2017 944 10.00 March 26, 2017 708 11.00 A physical inventory on March 31, 2017, shows 1,888 units on hand. Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method.
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