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Calculate the dollar value of the Blu-ray players

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Question - The table below gives inventory figures for Sonic Blu-ray Players at Superior Electronics.

Date

Units Purchased

Cost per Unit

Beginning Inventory, January 1

42

$124

Purchase, February 20

34

$104

Purchase, April 16

32

$149

Purchase, June 8

27

$144

When the buyer for Superior Electronics took physical inventory of the Blu-ray players on July 31, 68 units remained in inventory.

a. Calculate the dollar value of the 68 Blu-ray players by using FIFO.

b. Calculate the dollar value of the 68 Blu-ray players by using LIFO.

c. Calculate the dollar value of the 68 Blu-ray players by using the average cost method. Round your answer and the average cost per unit to the nearest cent.

Reference no: EM132545738

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