Concords Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Concords purchases and sales of Xpert snowboards during September is shown below. During the same month, 218 Xpert snowboards were sold. Additional data regarding Concords sales of Xpert snowboards are provided below. Assume that Concords uses a perpetual inventory system.

Date		Explanation		Units			Unit Cost			Total Cost
Sept. 1		Inventory		47			$100			$ 4,700
Sept. 12		Purchases		81			105			8,505
Sept. 19		Purchases		36			109			3,924
Sept. 26		Purchases		90			111			9,990
		Totals		254						$27,119

Date				Units		Unit Price			Total Revenue
Sept. 5		Sale		22		$199			$4,378
Sept. 16		Sale		90		199			17,910
Sept. 29		Sale		106		209			22,154
		Totals		218					$44,442

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.

Calculate moving average cost at Sept 1, 5, 12, 16, 19, 26 & 29. (Round answers to 2 decimal places, e.g. 1.25.)

September 1		$enter a dollar amount rounded to 2 decimal places
September 5		$enter a dollar amount rounded to 2 decimal places
September 12		$enter a dollar amount rounded to 2 decimal places
September 16		$enter a dollar amount rounded to 2 decimal places
September 19		$enter a dollar amount rounded to 2 decimal places
September 26		$enter a dollar amount rounded to 2 decimal places
September 29		$enter a dollar amount rounded to 2 decimal places

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Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.)

		FIFO		LIFO		MOVING-AVERAGE COST
The ending inventory		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places

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Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.)

		Periodic		Perpetual
Ending Inventory FIFO		$enter a dollar amount rounded to 1 decimal places		$enter a dollar amount rounded to 1 decimal places
Ending Inventory LIFO		$enter a dollar amount rounded to 1 decimal places		$enter a dollar amount rounded to 1 decimal places

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Which inventory cost flow method (FIFO, LIFO) gives the same ending inventory value under both periodic and perpetual? select a method LIFO methodAverage-cost methodFIFO method Which method gives different ending inventory values? select a method FIFO methodLIFO methodAverage-cost method

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