Current Attempt in Progress

Sandras Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Sandras purchases of Xpert snowboards during September is shown below. During the same month, 125 Xpert snowboards were sold. Sandras uses a periodic inventory system.

Date		Explanation		Units		Unit Cost		Total Cost
Sept. 1		Inventory		29		$95		$ 2,755
Sept. 12		Purchases		45		100		4,500
Sept. 19		Purchases		20		102		2,040
Sept. 26		Purchases		50		103		5,150
		Totals		144				$14,445

(a)

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		$enter a dollar amount		$enter a dollar amount
Cost of goods sold		$enter a dollar amount		$enter a dollar amount

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