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