Question
Concordsells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating toConcord's purchases of EZslide snowboards during September. During the same
Concordsells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating toConcord's purchases of EZslide snowboards during September. During the same month,102EZslide snowboards were sold.Concorduses a periodic inventory system.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1Inventory13
$116
$1,508
Sept. 12Purchases43
119
5,117
Sept. 19Purchases50
120
6,000
Sept. 26Purchases21
121
2,541
Totals127
$15,166
Compute the ending inventory at September 30 and the cost of goods sold using the FIFO, LIFO, and average-cost methods.(Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.)
FIFO
LIFO
Average-cost
The ending inventory at September 30$
enter the ending inventory at Sepetember 30 as per FIFO amount in dollars
$
enter the ending inventory at Sepetember 30 as per LIFO amount in dollars
$
enter the ending inventory at Sepetember 30 as per Average-cost amount in dollars
Cost of goods sold$
enter the cost of goods sold as per FIFO amount in dollars
$
enter the cost of goods sold as per LIFO amount in dollars
$
enter the cost of goods sold as per Average-cost amount in dollars
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