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Current Attempt in Progress Blossom's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Blossom's purchases of Xpert snowboards during
Current Attempt in Progress Blossom's 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, 351 Xpert snowboards were sold. Blossom's uses a periodic inventory system. Date Explanation Unit Cost Total Cost Units 75 Sept. 1 Inventory $101 $ 7,575 Sept. 12 Purchases 103 13,493 Sept. 19 Purchases 6,264 108 110 Sept. 26 Purchases 15,950 145 409 Totals $43.282 Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO The ending inventory at September 30 $ Cost of goods sold e Textbook and Media For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. FIFO LIFO The sum of ending inventory and cost of goods sold $
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