Information about Sherpers Boards is presented in E6-4. Additional data regarding Sherpers sales of Xpert snowboards are

Information about Sherper’s Boards is presented in E6-4. Additional data regarding Sherper’s sales of Xpert snowboards are provided below. Assume that Sherper’s uses a perpetual inventory system.

Instructions
(a) Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost.
(b) Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system (from E).
(c) Which inventory cost flow method (FIFO, LIFO) gives the same ending inventory value under both periodic and perpetual? Which method gives different ending inventoryvalues?

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Date Units 12 50 59 121 Unit Price $199 203 209 Total Revenue $2,388 10,150 12,331 $24,869 Scpt. 5 Scpt. 16 Sept. 29 Sale Sale Sale Totals