Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.

Sharon's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Sharon's purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Sharon's uses a periodic inventory system. Explanation Units Unit Cost Total Cost $14,787 Sept. Sept. 12 Sept. Sept. 26 Inventory Purchases Purchases Purchases Totals $7 105 107 108 $ 2,522 4,725 2,140 5,400 Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. FIFO The ending inventory at September 30 Cost of goods sold LIFO