Delmott sells a snowboard, Xpert that is popular with snowboard enthusiasts. Below is information relating to Delmotts

Delmott sells a snowboard, Xpert that is popular with snowboard enthusiasts. Below is information relating to Delmott’s purchases of Xpert snowboards during September. During the same month, 102 Xpert snowboards were sold. Delmott uses a periodic inventory system.

Instructions
Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods. (For average-cost, round the average unit cost to three decimal places.) Prove the amount allocated to cost of goods sold under eachmethod.

Transcribed Image Text:

Sept. 1 Sept. 12 Pases Sept. 19 Purchases Sept. 26 Purchases Date Explanation Units Unit Cost Total Cost 12 45 50 20 127 S100 103 104 105 1,200 4,635 5,200 2,100 $13,135 Inventony Totals