Question: If Comcast is upgrading its cable boxes and has 520 obsolete boxes in ending inventory. Beginning inventory and purchases Beginning inventory: January 1 March 1

 If Comcast is upgrading its cable boxes and has 520 obsolete

If Comcast is upgrading its cable boxes and has 520 obsolete boxes in ending inventory. Beginning inventory and purchases Beginning inventory: January 1 March 1 June 1 September 1 December 1 Boxes 15,700 6,700 2,700 1,600 1,200 27,900 Box cost $17 18 22 25 34 Total cost $266,900 120,600 59,400 40,000 40, 800 $527,700 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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!