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Inventory Figures Assignment | Assignment Help Services

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

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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

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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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