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Current Attempt in Progress Martinez Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp's purchases of
Current Attempt in Progress Martinez Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp's purchases of EZslide snowboards during September. During the same month, 106 EZslide snowboards were sold. Martinez Corp. uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $106 $1,590 Sept. 12 Purchases 46 109 5,014 Sept. 19 Purchases 54 110 5.940 Sept. 26 Purchases 21 111 2,331 Totals 136 $14,875 (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, eg. 125) FIFO LIFO AVERAGE-COST rest (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per un decimal places, eg. 125.153 and final answers to O decimal places, eg. 125.) The ending inventory at September 30 FIFO LIFO AVERAGE-COS (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per un decimal places, eg. 125.153 and final answers to O decimal places, e.g. 125.) FIFO They Cost of goods sold $ eTextbook and Media Save for Later Using multiple attempts will impact your score LIFO AVERAGE-COST Attempts: 0 of 4 used Submit A
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