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Date Exercise 6-04 Kingbird, Inc. wells a snowboard, teslide, that is popular with snowboard enthusiasts. Below is information relating to Kingbird, Inc.'s purchases of Etside

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Date Exercise 6-04 Kingbird, Inc. wells a snowboard, teslide, that is popular with snowboard enthusiasts. Below is information relating to Kingbird, Inc.'s purchases of Etside snowboards during September. Durby the same month, 110 slide snowboards were sold, Kingbird, Inc. uses a periodic Inventory system. Explanation Units Unit Cost Total Cost Sept. 1 Inventory $110 $1,210 Sept. 12 Purchases 113 5,989 Sept. 19 Purchases 55 114 6,270 Sept. 26 Purchases 25 2,075 Totals 144 516,344 53 Compute the ending inventory at September 30 using the FIFO, LIFO and average-cout methods. (Round average cost per unit to 3 decimal placet a... 12.15) and alan www to u decimal places, 125.) FIFO AVERAGE-COST The ending inventory at September 30 LIFO (1) Compute the cost of goods sold 8 September 30 using the Pro, UFO and everage-cost methods. (Hound average cost per unit te 3 decima/placenes, 128.169 and final answers to decimal places, 9. 125.) AVERAGE-COST Cost of goods sold FIFO LIFO

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