Accounting 101

Flint Corporation salls a snowboard, EZslice, that is popular with snowboard enthusiasts. Below is information relating to Flint Corporation's purchase of EZside znowbaards during Sestember. During the same month, 106 EZsilice snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $110 $1,430 Sept. 12 Purchases 45 113 5,085 Sept. 19 Purchases 55 114 6,270 Sept. 26 Purchases 22 115 2.530 Totals 135 $15.315 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Flint Corporation use a perpetual inventory system Date Units Sept. 5 Sals 9 Sept. 16 Sals Sept. 29 Sals 51 Totals 106 Calculate the average unit cost (Round answers to 3 decimal places.eg. 5.125.) September 1 S September 5 $ September 12 S September 16 S September 19 S September 26 S September 29 S e Textbook and Media Assistance Used Compute ending inventory at September 30 using FIFO, LIFO, and moving average Round answers to decimal places, eg. 125.) FIFO LIFO AVERAGE-COST The ending inventory S e Textbook and Media