If Comcast is upgrading its cable boxes and has 550 obsolete boxes in ending inventory.Beginning inventory and purchasesBeginning inventory: January 1Вох сost$ 22ВохesTotal cost16,2007,2003, 2001,8501,100$356,400165,60086,40055,50042,900March 123June 127September 1December 1303929,550$706,800What is the cost of ending inventory using FIFO, LIFO, and the weighted-average method? (Round your intermediate calculations to 2decimal places and final answers to the nearest dollar amount.)Ending inventoryFIFOLIFOWeighted-average

Name: If Comcast is upgrading its cable boxes and has 550 obsolete boxes in
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Description: If Comcast is upgrading its cable boxes and has 550 obsolete boxes in ending inventory.Beginning inventory and purchasesBeginning inventory: January 1Вох сost$ 22ВохesTotal cost16,2007,2003, 2001,8501,100$356,400165,60086,40055,50042,900March 123Jun

In this question, we are required to calculate the cost of ending inventory under 3 different…

Business

Accounting

If Comcast is upgrading its cable boxes and has 550 obsolete boxes in ending inventory. Box cost $ 22 Total cost Beginning inventory and purchases Beginning inventory: January 1 March 1 Boxes 16,200 7,200 3, 200 1,850 $356,400 23 165,600 86,400 June 1 27 September 1 December 1 30 55,500 42,900 1,100 39 29,550 $706,800 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

If Comcast is upgrading its cable boxes and has 550 obsolete boxes in ending inventory. Box cost $ 22 Total cost Beginning inventory and purchases Beginning inventory: January 1 March 1 Boxes 16,200 7,200 3, 200 1,850 $356,400 23 165,600 86,400 June 1 27 September 1 December 1 30 55,500 42,900 1,100 39 29,550 $706,800 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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