Barbara's Boards sells a snowboard. Xpert that is popular with snowboard enthusiasts. Information relating to Barbara's purchases of Xpert snowboards during September is shown below. During the same month. 121 Xpert snowboards were sold. Barbara's uses a periodic inventory system I Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 27 $97 $ 2,619 Sept. 12 Purchases 45 105 4.725 Sept. 19 Purchases 20 107 2.140 Sept. 26 Purchases 50 108 5.400 Totals 142 $14,884 a (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and UFO methods. FIFO LIFO The ending inventory at September 30 $ $ Cost of goods sold $ $ Tri-State Bank and Trust is considering giving Bonita Company a loan. Before doing so, management decides that further discussions with Bonita's accountant may be desirable. One area of particular concern is the inventory account, which has a year end balance of $305,000. Discussions with the accountant reveal the following Bonita shipped goods costing $37,000 to Lilja Company. FOB shipping point, on December 28. The goods are not expected to arrive at Lilja until January 12 The goods were not included in the physical inventory because they were not in the 1. warehouse 2. 3. The physical count of the inventory did not include goods costing $90,000 that were shipped to Bonita FOB destination on December 27 and were still in transit at year-end. Bonita received goods costing $22.000 on January 2. The goods were shipped FOB shipping point on December 26 by Brent Co. The goods were not included in the physical count. Bonita shipped goods costing $31,000 to Jesse Co. FOB destination, on December 30. The goods were received at Jesse on January 8. They were not included in Bonita's physical inventory. Bonita received goods costing $43,000 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $305,000. 5. Determine the correct inventory amount on December 31. Correct inventory $