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calculating fifo and lifo for ending inventory and cost of goods sold Flint Corporation sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented

calculating fifo and lifo for ending inventory and cost of goods sold
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Flint Corporation sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Flint Corporation's purchases of WhiteOut snowboards during September. During the same month, 110 WhiteOut snowboards were sold at $ 170 each, Flint Corporation uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 24 $ 100 $2.400 Sept. 12 Purchases 40 106 4,240 Sept. 19 Purchases 23 110 2,530 Sept. 26 Purchases 44 112 4.928 Totals 131 $ 14,098 (a) Your answer is incorrect Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods FIFO LIFO The endinginventory

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