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Sage Company was formed on December 1, 2016. The following information is available from Sages inventory records for Product BAP. Units Unit Cost January 1, 2017 (beginning inventory) Purchases: 684 $ 6.00 January 5, 2017 January 25, 2017 February 16, 2017 March 26, 2017 1,368 1,482 912 684 7.00 8.00 9.00 10.00 A physical inventory on March 31, 2017, shows 1,824 units on hand ▼ (a) Prepare schedule to compute the ending inventory at March 31, 2017, under FIFO inventory method SAGE COMPANY COMPUTATION OF INVENTORY FOR PRODUCT BAP UNDER FIFO INVENTORY METHOD March 31, 2017 Units Unit Cost Total Cost

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**Since the cost flow is First in First out (FIFO), all the units that were purchased first (older units) are sold first. SAGE COMPANY Computation of Inventory for Product BAP under FIFO Inventory method March 31,2017 Units Unit Cost Total Cost $10 March 26, 2017 February 16, 2017 January 25, 2017 March 31, 2017, Inventory 684 912 228 1824 S6,840 $8,208 $1,824 $16,872 $9 $8

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