Phoenix Ltd Sells Hard Disks of Similar Make and Model

question 5

Multiple Choice

Phoenix Ltd sells hard disks of similar make and model and reports an opening inventory on 1 July 2012 of 20 units purchased at $60.Its purchases during are as follows:
September 90 units @ $70
November 110 units @ $75
March 70 units @ $80
Phoenix Ltd sold 260 units during the year.
What is the cost of ending inventory using FIFO and weighted average method respectively (rounded to the nearest dollar) ?

• A) $2100; $2209
• B) $2100; $2250
• C) $2400; $2209
• D) $2400; $2250

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Definitions:

DVD+R

A recordable DVD format with a storage capacity of 4.7 GB, allowing users to write data to the disc once.

External Hard Drive

A portable storage device used for backing up data from a computer or transferring files between computers, and is external to the internal hard drive.

Armrests

Supportive structures on the sides of seats for resting the arms, enhancing comfort and ergonomics.

Backrest

A support feature for the back of a chair, couch, or seat that provides comfort and postural support.