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CALCULATOR BACK NEXT PRINTER VERSION Laura's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Laura's purchases of Xpert
CALCULATOR BACK NEXT PRINTER VERSION Laura's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Laura's purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Laura's uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 26 $97 $ 2,522 Sept. 12 Purchases 45 103 4,635 Sept. 19 Purchases 201 105 2,100 Sept. 26 Purchases 50 106 5,300 Totals 141 $14,557 (a) Your answer is correct. Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods FIFO LIFO The ending inventory at September 30 2.120 1,940 dy Cost of goods sold 12,437 12,617 D Y G H L C B N M 9 O O P KL 8 All EN Cin 22 P 201 7 B 4 5 Enter 4 Shill 4 End
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