+ Chapter 6 Homework Question 2 of 3 -13 Blossom Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Blossom's purchases of Xpert snowboards during September is shown below. During the same month, 80 Xpert snowboards were sold. Blossom's uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 22 41 17 30 110 Unit Cost HK$970 1,020 1,040 1,050 Total Cost HK$ 21,340 41,820 17,680 31,500 HK$112,340 (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to O decimal places, e.g. 125.) FIFO Average-Cost HK$ HK$ The ending inventory at September 30 Cost of goods sold HK$ HK$ (b) For both FIFO and average-cost, calculate the sum of ending inventory and cost of goods sold. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to 0 decimal places, e.g. 125.) FIFO Average-Cost The sum of ending inventory and cost of goods sold HK$ HK$ + Chapter 6 Homework Question 2 of 3 -13 Blossom Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Blossom's purchases of Xpert snowboards during September is shown below. During the same month, 80 Xpert snowboards were sold. Blossom's uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 22 41 17 30 110 Unit Cost HK$970 1,020 1,040 1,050 Total Cost HK$ 21,340 41,820 17,680 31,500 HK$112,340 (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to O decimal places, e.g. 125.) FIFO Average-Cost HK$ HK$ The ending inventory at September 30 Cost of goods sold HK$ HK$ (b) For both FIFO and average-cost, calculate the sum of ending inventory and cost of goods sold. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to 0 decimal places, e.g. 125.) FIFO Average-Cost The sum of ending inventory and cost of goods sold HK$ HK$