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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 EZslide snowboards
Blue Spruce Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Blue Spruce Corp.'s purchases of EZslide snowboards during September. During the same month, 108 EZslide snowboards were sold. Blue Spruce Corp. uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Units Unit Cost $116 Inventory Purchases Purchases Purchases Totals 11 The ending inventory at Sontember 20 48 60 21 140 119 120 121 Total Cost FIFO $1,276 5,712 7,200 2,541 (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 0 decimal places, e.g. 125.) $16,729 $ LIFO AVERAGE-COST
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