ded adyak use? EXplain wry Isa's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. formation relating to Elsa's purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Elsa's uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Sept. 12 Purchases Sept. 19Purchases Sept. 26 S 97 102 104 105 Inventory 26 $ 2,522 4,590 2,080 5,250 45 20 50 Purchascs Totals $14,442 141 Instructions (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. Prove the amount allocated to cost of goods sold under each method. (b) For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. hat do you notice about the answers you found for each method? Comput the endlly methods. Prove the amount allocated to cUST OL \E6-6 Moath Company reports the following for the month of June. UnitsUnit Cost and cost . g FIFO and Total Cost $1,000 2,400 2,100 $5 200 1 Inventory JunePurchase 400 300 23 Purchase 30 Inventory100 Instructions (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFC and (2) LIFO (b) Which costing method gives the higher ending inventory? Why? (c) Which method results in the higher cost of goods sold? Why