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/7 E Sunland Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Sunland's purchases
/7 E Sunland Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Sunland's purchases and sales of the ultra-lightweight snowboard in October: Unit Purchase Unit Sales Date Transaction Units Price Price Oct. 1 Beginning inventory 25 $298 10 Purchase 30 306 12 Sale (42) $476 13 Purchase 35 314 25 Sale (45) 486 27 22 Purchase 20 322 (a) Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Sunland uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.) FIFO Ending inventory $ Cost of goods sold $ Weighted Average $ $
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