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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 during
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, 103 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 11 $ 116 $ 1,276 Sept. 12 Purchases 44 119 5,236 Sept. 19 Purchases 55 120 6,600 Sept. 26 Purchases 22 121 2,662 Totals 132 $15.774 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Blue Spruce Corp. uses a perpetual inventory system. Date Units Sept. 5 Sale 7 Sept. 16 Sale 45 Sept. 29 Sale 51 Totals 103 (a) - Your answer is partially correct. Calculate the average unit cost. (Round answers to 3 decimal places, eg. 5.125.) September 1 $ 116 September 5 116 September 12 118.750 September 16 $ $ 118.750 September 19 $ $ 115.565 September 26 117.060 September 29 117.060 Compute ending inventory at September 30 using FIFO, LIFO, and moving average. (Round answers to decimal places, eg. 125.) FIFO LIFO AVERAGE-COST The ending inventory $ $
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