Boarders sells a snowboard, Xpert, that is popular with snowboardenthusiasts. Below is information relating to Boardersspurchases of Xpert snowboards during September. During the samemonth, 121 Xpert snowboards were sold. Boarders uses a periodicinventory system.

Date Explanation Units Unit Cost TotalCost

Sept. 1 Inventory 26 $97 $ 2,522

Sept. 12 Purchases 45 102 4,590

Sept. 19 Purchases 20 104 2,080

Sept. 26 Purchases 50 105 5,250

Totals 141 $ 14,442

Instructions

(a) Compute the ending inventory at September 30 and cost of goodssold using the FIFO and LIFO methods. Prove the amount allocated tocost of goods sold under each method.

(b) For both FIFO and LIFO, calculate the sum of endinginventory and cost of goods sold. What do you notice about theanswers you found for each method?

Please Show All Work, Thank You