Chapter 16.I, Problem 2RE

(a)

To determine

To calculate: The dollar value of 64 Blue-ray players with the help of FIFO method of inventory pricing.

$\begin{array}{cc}\text{Units}& \text{Cost/Unit}\\ 25& \$135\\ 30& 146\\ 9& 118\end{array}$

(b)

To determine

To calculate: The dollar value of 64 Blue-ray players with the help of LIFO method of inventory pricing.

$\begin{array}{cc}\text{Units}& \text{Cost/Unit}\\ 40& \$125\\ 24& 118\end{array}$

(c)

To determine

To calculate: The dollar value of 64 Blue-ray players with the help of average cost method.

The table is given as follows:

$\begin{array}{cccc}& \begin{array}{l}\text{Superior Electronics}\\ \text{Sonic Blue-ray Player Inventory}\end{array}& & \\ \text{Date}& \begin{array}{l}\text{Unit}\\ \text{Purchased}\end{array}& \text{Cost per Unit}& \begin{array}{l}\text{Total}\\ \text{Cost}\end{array}\\ \text{Beginning Inventory, January1}& 40& \$125& \$5,000\\ \text{Purchase, February,20}& 32& 118& 3,776\\ \text{Purchase}& 30& 146& 4,380\\ \text{Purchase}& 25& 135& 3,375\\ \text{ Blueray Player Avalable for sale}& 127& \text{cost of goods Available for sale}& \$16,531\end{array}$