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Sheffield's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Sheffield's purchases and sales of Xpert snowboards during September is shown below. During the same month, 140 Xpert snowboards were sold. Additional data regarding Sheffield's sales of Xpert snowboards are provided below. Assume that Sheffield's uses a perpetual inventory system. Date Explanation Units Unit Cost Sept. 1 Inventory Total Cost $ 2,970 5,460 2,461 Sept. 12 Purchases 52 23 105 107 Sept. 19 Purchases Sept. 26 Purchases 6.496 Totals $17,387 Unit Price Total Revenue Date Units $199 $2.786 Sept. 5 Sept. 16 Sept. 29 199 11,542 Sale Sale Sale Totals 200 14212 68 140 $28.540 Calculate moving average cost at Sept 1,5, 12, 16, 19,26 & 29. (Round answers to 2 decimal places, eg. 1.25.) September 1 $ September 5 $ September 12 $ September 16 $ September 19 $ September 26 $ September 29 $ Compute ending inventory at September 30 using FIFO, LIFO, and moving average cost. (Round average-cost per unit to 2 decimal places, eg. 12.50 and final answer to decimal places, eg. 1,250.) FIFO LIFO MOVING-AVERAGE COST The ending inventory $ e Textbook and Media Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system. (Round average- cost per unit to 2 decimal places, eg. 12.50 and final answer to decimal places, es. 1,250.) Periodic Perpetual Ending Inventory FIFO $ Ending Inventory LIFO $ e Textbook and Media Activate Windows Which inventory cost flow method (FIFO, LIFO) gives the same ending inventory value under both periodic and perpetual? Which method gives different ending inventory values? FIFO method Average-cost method LIFO method

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