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Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Blossom Company's purchases of EZslide snowboards during September.

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Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Blossom Company's purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Blossom Company uses a periodic inventory system. Units 13 Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Unit Cost $115 118 48 56 Total Cost $ 1,495 5,664 6,664 2,760 $16,583 119 Purchases 23 120 Totals 140 (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. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST > The ending inventory at September 30 2720 2636 2685 (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, 125.153 and final answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST x Cost of goods sold Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION

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