Current Attempt in Progress Vaughn Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Vaughn's purchases of Xpert snowboards during September is shown below. During the same month, 98 Xpert snowboards were sold. Vaughn's uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Units Inventory Purchases Purchases Purchases Totals 23 37 Cost of goods sold 13 47 120 The ending inventory at September 30 Unit Cost HK$970 1,020 1,040 1,050 HK$ Total Cost HK$ HK$ 22,310 37,740 13,520 (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to O decimal places, e.g. 125.) 49,350 HK$122,920 FIFO HK$ h HK$ Average-Cost

Vaughn Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Vaughn's purchases of Xpert snowboards during September is shown below. During the same month, 98 Xpert snowboards were sold. Vaughn's uses a periodic inventory system. (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and average-cost methods. (Round per unit cost to 3 decimal places, es. 15,125 and final answers to 0 decimal places, es 125.) (a) Compute the ending imventory at September 30 and cost of goods sold using the FIFO and average cost methods, /Round per unit cost to 3 decimal ploces, eg. 15, 125 and final answers to 0 decimal places, eg. 125.) (b) For both FIFO and average -cost, calculate the sum of ending inventory and cost of goods sold. (Round per unit cost to 3 decimal places, eg. 15.125 and final answers to O decimal places, es. 125.)