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Bridgeport Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Bridgeport Corp.'s purchases of EZslide snowboards
Bridgeport Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Bridgeport Corp.'s purchases of EZslide snowboards during September. During the same month, 108 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $97 $1,261 Sept. 12 Purchases 47 100 4,700 Sept. 19 Purchases 54 101 5,454 Sept. 26 Purchases 22 102 2,244 Totals 136 $13,659 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Bridgeport Corp. uses a perpetual inventory system. Date Units Sept. 5 Sale 8 Sept. 16 Sale 51 Sept. 29 Sale 49 Totals 108 Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125. Round answers to 0 decimal places, e.g. 125.) The ending inventory FIFO LIFO AVERAGE-COST $
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