Skysong sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating...
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Skysong sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Skysong's purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Skysong uses a periodic inventory system. Date Sept. 1 12 19 26 Explanation Units Unit Cost Inventory Purchase Purchase Purchase Total 15 Ending inventory at September 45 50 20 130 $92
94 96 97 Total Cost FIFO $1,380 4,230 4,800
1,940 Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. D $12,350 LIFO AVERAGE-COST
Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods
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