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Blue Spruce Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Blue Spruce Corp.'s purchases of Ezlide snowboards

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Blue Spruce Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Blue Spruce Corp.'s purchases of Ezlide snowboards during September. During the same month, 108 EZslide snowboards were sold. Blue Spruce Corp. uses a periodic inventory system. Unit Cost Units 11 Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 $116 119 48 Explanation Inventory Purchases Purchases Purchases Totals Total Cost $ 1,276 5,712 7,200 2,541 $16,729 60 120 21 121 140 (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.g. 125.153 and final answers to o decimal places, e.g. 125.) FIFO LIFO | AVERAGE COST EX The ending inventory at September 30 XPERIENCE Y... x (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, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold x Click if you would like to Show Work for this question: Open Show Work CALCULATOR STANDARD VIEW PRINTER VERSION 4 BACK NEXT Exercise 6-07 al-a2 Shamrock, Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 105 $5 $ 525 12 Purchases 350 6 2,100 23 Purchases 200 1,400 30 Inventory 250 Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to o decimal places, e.g. 125.) LIFO Average-cost The cost of the ending inventory FIFO The cost of goods sold Click if you would like to Show Work for this question: Open Show Work Question Attempts: Unlimited

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