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+ Ch 6: Homework Question 10 of 12 -/1 Sarasota Corp.sells a snowboard. EZslide, that is popular with snowboard enthusiasts. Below is information relating to
+ Ch 6: Homework Question 10 of 12 -/1 Sarasota Corp.sells a snowboard. EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sarasota Corp.'s purchases of EZslide snowboards during September. During the same month. 106 EZslide snowboards were sold. Sarasota Corp.uses a periodic inventory system. Units Date Sept 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases 15 Unit Cost $105 108 47 52 Total Cost $ 1,575 5,076 5,668 2,420 109 Purchases Purchases 22 110 Totals 136 $14,739 (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at September 30 $ $ $ (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold $ $ $
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