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What is the cost of ending inventory using FIFO and LIFO

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Reference no: EM133041496

Problem - If Comcast is upgrading its cable boxes and has 430 obsolete boxes in ending inventory.

Beginning inventory and purchases

Boxes

Box cost

Total cost

Beginning inventory: January 1

14,800

$8

$118,400

March 1

5,800

9

52,200

June 1

1,800

13

23,400

September 1

1,150

16

18,400

December 1

1,100

25

27,500

 

24,650

 

$239,900

Required - What is the cost of ending inventory using FIFO, LIFO, and the weighted-average method?

Reference no: EM133041496

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