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Jones Company was formed on December 1, 2016. The following information is available from Jones's...

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Accounting

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Jones Company was formed on December 1, 2016. The following information is available from Jones's inventory record for Product X. Units Unit Cost January 1, 2017 (beginning inventory) 2,400 $18.00 eve Purchases: January 5, 2017 January 25, 2017 3,900 $20.00 3,600 $21.00 1,500 $22.00 2,700 $23.00 udy February 16, 2017 March 15, 2017 A physical inventory on March 31, 2017, shows 3,000 units on hand

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