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Current Attempt in Progress Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is Information relating to Blossom Company's purchases
Current Attempt in Progress Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is Information relating to Blossom Company's purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Blossom Company uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $115 $1,495 Sept. 12 Purchases 48 118 5,664 Sept. 19 Purchases 56 119 6,664 Sept. 26 Purchases Totals 23 120 140 2,760 $16,583 (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, eg. 125.153 and final answers to O decimal places, e.g. 125.) The ending inventory at September 30 FIFO LIFO $ AVERAGE-COST (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, eg. 125.153 and final answers to O decimal places, eg. 125) FIFO Cost of goods sold $ eTextbook and Media Save for Later LIFO $ AVERAGE-COST Attempts: 0 of 4 used Submit Answer
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