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If Comcast is upgrading its cable boxes and has 500 obsolete boxes in ending inventory. Beginning inventory and purchases Boxes Box cost Total cost Beginning
If Comcast is upgrading its cable boxes and has 500 obsolete boxes in ending inventory.
Beginning inventory and purchases | Boxes | Box cost | Total cost |
---|---|---|---|
Beginning inventory: January 1 | 14,600 | $ 6 | $ 87,600 |
March 1 | 5,600 | 7 | 39,200 |
June 1 | 1,600 | 11 | 17,600 |
September 1 | 1,050 | 14 | 14,700 |
December 1 | 1,000 | 23 | 23,000 |
23,850 | $ 182,100 |
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.
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