Information about Snoslope is presented in E6-4. Additional data regarding the company's sales of Xpert snowboards are provided below. Assume that Snoslope uses a perpetual inventory system.

Instructions

(a) Compute ending inventory at September 30 using FIFO, LIFO, and average cost.

(b) Compare ending inventory for FIFO and LIFO using a perpetual inventory system to ending inventory using a periodic inventory system (from E6-4).

(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 Sept. 5 Sale Sept. 6Sale Sept. 29 Sale Units 48 62 118 Totals