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a and b please Sage Hill Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sage Hill Inc.'s
a and b please
Sage Hill Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sage Hill Inc.'s purchases of EZslide snowboards during September. During the same month, 100 EZslide snowboards were sold. Sage Hill inc uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $110 $1,650 Sept. 12 Purchases 48 113 5,424 Purchases 53 114 6,042 Sept. 19 Purchases Sept 26 24 115 2.760 Totals 140 $15.876 (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST $ $ $ The ending Inventory at September 30 (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST $ $ The ending inventory at September 30 (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, c.8. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST $ Cost of goods sold Step by Step Solution
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