Metlock sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information...
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Metlock sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Metlock's purchases of EZslide snowboards during September. During the same month, 101 EZslide snowboards were sold. Metlock uses a periodic inventory system. Date Units Unit Cost Total Cost Explanation Inventory Purchases 12 $81 $ 972 43 84 3,612 Sept. 1 Sept. 12 Sept. 19 Sept. 26 Purchases 51 85 4,335 Purchases 18 86 1,548 Totals 124 $10,467 Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO Average-cost The ending inventory at September 30 $ $ $ Cost of goods sold $ $ $
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