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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?
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