Question: If Comcast is upgrading its cable boxes and has 500 obsolete boxes in ending inventory 25 Beginning inventory and purchases Beginning inventory: January 1 March
If Comcast is upgrading its cable boxes and has 500 obsolete boxes in ending inventory 25 Beginning inventory and purchases Beginning inventory: January 1 March 1 June 1 September 1 December 1 Boxes 16,400 7,400 3,400 1,950 1,000 30,150 Box cost Total cost $ 24 $393,600 185,000 98,600 62,400 41 41,000 $780,600 29 32 What is the cost of ending inventory using FIFO, LIFO, and the weighted- average method? (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.) Ending inventory FIFO LIFO Weighted average
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