Webster Company adopted dollar-value LIFO on January 1, 2019. Webster produces three products: X, Y, and Z. Webster's beginning inventory consisted of the following: Type Quantity Cost perUnit Total Cost X 30,000 $4.25 $127,500 Y 10,000 3.50 35,000 Z 25,000 2.00 50,000 65,000 $212,500 During 2019, Webster had the following purchases and sales: Type QuantityPurchased Cost PerUnit QuantitySold Selling Priceper Unit X 110,000 $4.75 90,000 $10.00 Y 100,000 3.75 85,000 7.50 Z 75,000 2.10 70,000 5.00 285,000 245,000 Required: 1. Compute the LIFO cost of the ending inventory assuming Webster uses a single inventory pool.Round cost index to four decimal places. $

Webster Company adopted dollar-value LIFO on January 1, 2019. Webster produces three products: X, Y, and Z. Webster's beginning inventory consisted of the following: Type Quantity Cost per Unit Total...

Webster Company adopted dollar-value LIFO on January 1, 2019. Webster produces three products: X, Y, and Z. Webster's beginning inventory consisted of the following:

Type	Quantity	Cost per Unit	Total Cost

X	30,000	$4.25	$127,500
Y	10,000	3.50	35,000
Z	25,000	2.00	50,000
	65,000		$212,500

During 2019, Webster had the following purchases and sales:

Type	Quantity Purchased	Cost Per Unit	Quantity Sold	Selling Price per Unit

X	110,000	$4.75	90,000	$10.00
Y	100,000	3.75	85,000	7.50
Z	75,000	2.10	70,000	5.00
	285,000		245,000

Required:

1. Compute the LIFO cost of the ending inventory assuming Webster uses a single inventory pool.Round cost index to four decimal places.

$

Jun 01, 2022

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Webster Company adopted dollar-value LIFO on January 1, 2019. Webster produces three products: X, Y, and Z. Webster's beginning inventory consisted of the following: Type Quantity Cost per Unit Total...

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