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Exercise 6-05 a-b Sheffield's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts....

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Exercise 6-05 a-b Sheffield's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Sheffield's purchases of Xpert snowboards during September is shown below. During the same month, 248 Xpert snowboards were sold. Sheffield's uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost 53 $100 $ 5,300 9,568 92 104 Sept. 1 Sept. 12 Sept. 19 Sept. 26 Inventory Purchases Purchases Purchases 41 108 4,428 11,639 103 113 Totals 289 $30,935 Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO The ending inventory at September 30 $ $ Cost of goods sold $ $ For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. FIFO LIFO The sum of ending inventory and cost of goods sold $

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