If Comcast is upgrading its cable boxes and has 550 obsolete boxes in ending inventory. Beginning inventory and purchases Beginning inventory: January 1 March 1 Boxes Box cost Total cost 14,500 $5 $ 72,500 33,000 115,000 5,500 6 June 1 1,500 1,000 1,100 23,600 September 1 December 1 FIFO LIFO Weighted average 10 13 22 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 dolla amount. Ending inventory 13,000 24,200 $ 157,700

If Comcast is upgrading its cable boxes and has 550 obsolete boxes in ending inventory. Beginning inventory and purchases Beginning inventory: January 1 March 1 Boxes Box cost Total cost 14,500 $5 $ 72,500 33,000 115,000 5,500 6 June 1 1,500 1,000 1,100 23,600 September 1 December 1 FIFO LIFO Weighted average 10 13 22 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 dolla amount. Ending inventory 13,000 24,200 $ 157,700

Name: Subject; Accounting If Comcast is upgrading its cable boxes and has 55
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Description: Subject; Accounting If Comcast is upgrading its cable boxes and has 550 obsolete boxes in ending inventory.Beginning inventory and purchasesBeginning inventory: January 1March 1Boxes Box cost Total cost14,500 $5 $ 72,5005,500633,0001,500101322June 1S

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter20: Accounting For Inventory

Section20.3: Estimating Inventory

Problem 1OYO

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