Calculate moving average cost at Sept 1, 5, 12, 16, 19, 26 & 29

Compute ending inventory at September 30 using FIFO, LIFO and moving-average cost.

Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system

Barbara's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Barbara's purchases of Xpert snowboards during September is shown below. During the same month, 130 Xpert snowboards were sold. Unit Cost Date Explanation Units Total Cost Sept. 1 Inventory 30 $ 90 $ 2,700 Sept. 12 Purchases 50 96 4,800 Sept. 19 Purchases 15 100 1,500 Sept. 26 Purchases 50 104 5,200 Totals 145 $ 14,200 Additional data regarding Barbara's sales of Xpert snowboards are provided below. Assume that Barbara's uses a perpetual inventory system. Unit Price Total Revenue Date Units Sept. 5 Sale 20 $ 185 $ 3,700 Sept. 16 Sale 50 185 9,250 Sept. 29 Sale 60 208 12,480 Totals 130 $ 25,430