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Current Attempt in Progress Larkspur sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Larkspur's purchases of EZslide snowboards
Current Attempt in Progress Larkspur sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Larkspur's purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Larkspur uses a periodic inventory system. Units Date Sept. 1 12 Explanation Inventory Purchase Unit Cost $82 15 Total Cost $1,230 3,780 4,300 45 84 19 Purchase 50 86 26 Purchase 20 87 1,740 Total 130 $11,050 Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. FIFO LIFO AVERAGE-COST Ending inventory at September $ $ $ Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. FIFO LIFO AVERAGE-COST Cost of goods sold $ $ $ Teythook and Media
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