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Donnas Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Donnas purchases of Xpert snowboards during September is shown below.

Donnas Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Donnas purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Donnas uses a periodic inventory system.

date explanation units unit cost total cost
9/1 Inventory 26 $97 $2,522
9/12 Purchases 45 101 4,545
9/19 Purchases 20 103 2,060
9/26 Purchases 50 104 5,200
totals 141 $14327

Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.

FIFO LIFO
The ending inventory at 9/30
Cost of Goods sold

For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold.

FIFO LIFO
\The sum of ending inventory and cost of goods sold

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