Boarders sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Boarders' purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Boarders uses a periodic inventory system. Unit s 26 Unit Cost $92 Total Cost $2.522 100 4,500 Explanatio Daten Sept. Inventory Sept. 12 Purchases Sept. 19 Purchases Sept 26 Purchases Totals 45 20 50 104 2,080 105 5.250 141 $14,442 Instructions: (a) Compute the coding inventory at September 30 and cost of goods sold using the FIFO and average-cast methods. Prove the amount allocated to cost of goods sold under each method For both FIFO and average-cos, calculate the sum of ending inventory and cost of goods sold. What do you notice about the answers method E6-6 Yount Company reports the following for the month of June. Total Cost Unit Cost S3 $1.000 Unit s Pue Inventory 200 12 Purchase 300 23 Purchase SOO 6 7 1.800 3.500 30 Inventory 120 Instructions: () Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) average-cost () Which costing method gives the higher ending inventory? Why? (e) Which method results in the higher cost of goods sold? Why