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E6.18 (LO 5) Information about Elsa's Boards is presented in E6.5. Additional data regarding 1 sales of Xpert snowboards are provided below. Assume that Elsa's
E6.18 (LO 5) Information about Elsa's Boards is presented in E6.5. Additional data regarding 1 sales of Xpert snowboards are provided below. Assume that Elsa's uses a perpetual inventory syste Total Revenue Date Unit Price Units $ 2,388 9,950 12,331 Sept. 5 Sept. 16 Sept. 29 $199 Sale 12 Sale 199 50 Sale 209 59 $24,669 Totals 121 Instructions a. Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost. b. Compare ending inventory using a perpetual inventory system to ending inventory using a peri inventory system (from E6.5). c. Which inventory cost flow method (FIFO, LIFO) gives the same ending inventory value under 1 periodic and perpetual? Which method gives different ending inventory values? E6.18 (LO 5) Information about Elsa's Boards is presented in E6.5. Additional data regarding 1 sales of Xpert snowboards are provided below. Assume that Elsa's uses a perpetual inventory syste Total Revenue Date Unit Price Units $ 2,388 9,950 12,331 Sept. 5 Sept. 16 Sept. 29 $199 Sale 12 Sale 199 50 Sale 209 59 $24,669 Totals 121 Instructions a. Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost. b. Compare ending inventory using a perpetual inventory system to ending inventory using a peri inventory system (from E6.5). c. Which inventory cost flow method (FIFO, LIFO) gives the same ending inventory value under 1 periodic and perpetual? Which method gives different ending inventory values
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