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Type X Y Z Quantity Purchased 110,000 100,000 75,000 285,000 Cost Per Unit $4.75 3.75 2.10 Quantity Sold 90,000 85,000 70,000 245,000 Inventory Y Pools Inventory Z Pools Total LIFO ending inventory cost - 5 Selling Price per Unit $10.00 7.50 5.00 Required: 1. Compute the LIFO cost of the ending inventory assuming Webster uses a single inventory pool. Round cost index to four decimal places. 252,500 X 2. Compute the LIFO cost of the ending inventory assuming Webster uses three inventory pools. Round cost indexes to four decimal places. Round intermediate calculations to the nearest dollar. Also, if necessary, round final answers to the nearest dollar. Inventory X Pools

Type X Y Z Quantity Purchased 110,000 100,000 75,000 285,000 Cost Per Unit $4.75 3.75 2.10 Quantity Sold 90,000 85,000 70,000 245,000 Inventory Y Pools Inventory Z Pools Total LIFO ending inventory cost - 5 Selling Price per Unit $10.00 7.50 5.00 Required: 1. Compute the LIFO cost of the ending inventory assuming Webster uses a single inventory pool. Round cost index to four decimal places. 252,500 X 2. Compute the LIFO cost of the ending inventory assuming Webster uses three inventory pools. Round cost indexes to four decimal places. Round intermediate calculations to the nearest dollar. Also, if necessary, round final answers to the nearest dollar. Inventory X Pools

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Type X Quantity Purchased 110,000 100,000 75,000 285,000 Cost Per Unit $4.75 3.75 2.10 Quantity Sold 90,000 85,000 70,000 245,000 Selling Price per Unit $10.00 7.50 5.00 Required: 1. Compute the LIFO cost of the ending inventory assuming Webster uses a single inventory pool. Round cost index to four decimal places. 252,500 X 2. Compute the LIFO cost of the ending inventory assuming Webster uses three inventory pools. Round cost indexes to four decimal places. Round intermediate calculations to the nearest dollar. Also, if necessary, round final answers to the nearest dollar. Inventory X Pools Inventory Y Pools Inventory Z Pool - Total LIFO ending inventory cost-s
Transcribed Image Text:Type X Quantity Purchased 110,000 100,000 75,000 285,000 Cost Per Unit $4.75 3.75 2.10 Quantity Sold 90,000 85,000 70,000 245,000 Selling Price per Unit $10.00 7.50 5.00 Required: 1. Compute the LIFO cost of the ending inventory assuming Webster uses a single inventory pool. Round cost index to four decimal places. 252,500 X 2. Compute the LIFO cost of the ending inventory assuming Webster uses three inventory pools. Round cost indexes to four decimal places. Round intermediate calculations to the nearest dollar. Also, if necessary, round final answers to the nearest dollar. Inventory X Pools Inventory Y Pools Inventory Z Pool - Total LIFO ending inventory cost-s
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