Accounting 101

Elsa's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Elsa's purchases of Xpert snowboards during September is shown below. During the same month, 293 Xpert snowboards were sold. Elsa's uses a periodic inventory system Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. The ending inventory at September 30 i J 5'145 Cost of goods the sum of ending inventory and cost of goods sold