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If Comcast is upgrading its cable boxes and has 600 obsolete boxes in ending inventory. Beginning inventory and purchases Beginning inventory: January 1 March 1 June 1 September 1 December 1 FIFO LIFO Weighted-average Boxes 15,000 6,000 2,000 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. Ending inventory 1,250 1,200 25,450 Box cost Total cost $ 10 $ 150,000 11 66,000 15 30,000 18 22,500 32,400 27 $ 300,900

If Comcast is upgrading its cable boxes and has 600 obsolete boxes in ending inventory. Beginning inventory and purchases Beginning inventory: January 1 March 1 June 1 September 1 December 1 FIFO LIFO Weighted-average Boxes 15,000 6,000 2,000 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. Ending inventory 1,250 1,200 25,450 Box cost Total cost $ 10 $ 150,000 11 66,000 15 30,000 18 22,500 32,400 27 $ 300,900

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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If Comcast is upgrading its cable boxes and has 600 obsolete boxes in ending inventory. Beginning inventory and purchases Beginning inventory: January 1 March 1 June 1 September 1 December 1 FIFO LIFO Weighted-average Boxes 15,000 6,000 Ending inventory 2,000 1,250 1,200 25,450 Box cost $ 10 11 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. 15 18 27 Total cost $ 150,000 66,000 30,000 22,500 32,400 $ 300,900
Transcribed Image Text:If Comcast is upgrading its cable boxes and has 600 obsolete boxes in ending inventory. Beginning inventory and purchases Beginning inventory: January 1 March 1 June 1 September 1 December 1 FIFO LIFO Weighted-average Boxes 15,000 6,000 Ending inventory 2,000 1,250 1,200 25,450 Box cost $ 10 11 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. 15 18 27 Total cost $ 150,000 66,000 30,000 22,500 32,400 $ 300,900
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