Question: If Comcast is upgrading its cable boxes and has 500 obsolete boxes in ending inventory. Box cost $ 15 Beginning inventory and purchases Beginning inventory:
If Comcast is upgrading its cable boxes and has 500 obsolete boxes in ending inventory. Box cost $ 15 Beginning inventory and purchases Beginning inventory: January 1 March 1 June 1 September 1 December 1 Boxes 15,500 6,500 2,500 1,500 1,000 27,000 Total cost $232,500 104,000 50,000 34,500 32,000 $453,000 23 What is the cost of ending inventory using FIFO, LIFO, and the weighted average method? (Round you decimal places and final answers to the nearest dollar amount.) Ending inventory FIFO LIFO Weighted average
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