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8 Wildhorse sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Wildhorse's beginning inventory and purchases of EZslide
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Wildhorse sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Wildhorse's beginning inventory and purchases of EZslide snowboards during September. During the same month, 103 EZslide snowboards were sold. Wildhorse uses a periodic inventory system. Date Explanation Units: Unit Cost Total Cost Sept. 1 Inventory 11 $102 $1,122 Sept. 12 Purchases 45 105 4,725 Sept. 19 Purchases. 106 5,088 Sept. 26 Purchases. 22 107 2,354 Totals 126 $13,289 Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO Average cost $ The ending inventory at September 30 Cost of goods sold and Media 48 Step by Step Solution
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