B) Cost of ending inventory and cost of goods sold for FIFO, LIFO, and Moving Average

Exercise 6-15 (Part Level Submission) Pronghorn Corp sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Pronghorn Corp's purchases of EZslide snowboards during September. During the same month, 101 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost 13 $115 Inventory Purchases Purchases 44 Sept. 1 Sept. 12 Sept. 19 Sept. 26 118 49 119 $1,495 5,192 5,831 3,000 $15,518 Purchases 25 120 Totals 131 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Pronghorn Corp uses a perpetual inventory system. Date Units Sept. 5 7 Sale Sale Sept. 16 49 45 Sept. 29 Sale Totals 101 (a) Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ A September 5 $ A September 12 $ September 16 $ September 19 $ September 26 $ September 29 $