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Bridgeport Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Bridgeport Corp's purchases of EZslide snowboards during September.
Bridgeport Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Bridgeport Corp's purchases of EZslide snowboards during September. During the same month, 98 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 12 $102 $1,224 Sept. 12 Purchases 44 105 4,620 Sept. 19 Purchases 48 106 5,088 Sept. 26 Purchases 30 107 3,210 Totals 134 $14,142 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 46 Sept. 29 Sale 44 Totals 98 Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Round answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory 3846 $ 3744 $ 3816
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