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Brief Exercise 6-8 (Part Level Submission) At December 31, 2017, the following information was available for A. Kamble company: ending inventory $40,750, beginning inventory $53,500, cost of goods sold $283,000, and sales revenue $356,000. (a) Calculate inventory turnover for A. Kamble Company. (Round answer to 1 decimal place, e.g. 1.5.) Inventory turnover times Exercise 6-4 Linda's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Linda's purchases of Xpert snowboards during September is shown below. During the same month, 218 Xpert snowboards were sold. Linda's uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 47 $101 $ 4,747 Sept. 12 Purchases 81 103 8,343 Sept. 19 Purchases 36 107 3,852 Sept. 26 Purchases 90 112 10,080 Totals 254 $27,022 Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. FIFO The ending inventory at September 30 Cost of goods sold LIFO $ UNK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS For both FIFO and LIFO, calculate the sum of ending Inventory and cost of goods sold. FIFO The sum of ending Inventory and cost of goods sold LIFO

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