Ch 16 The table below gives inventory figures for Sonic Blu-ray Players at Superior Electronics.
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Ch 16
The table below gives inventory figures for Sonic Blu-ray Players at Superior Electronics.
Date Units Purchased Cost per Unit
Beginning Inventory, January 14 4 $124
Purchase, February 20 36 $115
Purchase, April 16 34 $157
Purchase, June 8 29 $135
When the buyer for Superior Electronics took physical inventory of the Blu-ray players on July 31, 72 units remained in inventory.
a. Calculate the dollar value of the 72 Blu-ray players by using FIFO.
$
b. Calculate the dollar value of the 72 Blu-ray players by using LIFO.
$
c. Calculate the dollar value of the 72 Blu-ray players by using the average cost method. Round your answer and the average cost per unit to the nearest cent.
$
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