E6-3. Identify items in inventory Gato Inc. had the following inventory situations to consider at January 31, its year-end. . (a)Goods held on consignment for Steele Corp. since December 12 (b)Goods shipped on consignment to Logan Holdings Inc. on January 5. .(c)Goods shipped to a customer, FOB destination, on January 29 that are still in transit. . (d)Goods shipped to a customer, FOB shipping point, on January 29 that are still in transit. (e)Goods purchased FOB destination from a supplier on January 25 that are still in transit. . ()Goods purchased FOB shipping point from a supplier on January 25 that are still in transit. (B) Office supplies on hand at January 31. Instructions Identify which of the preceding items should be included in inventory. If the item should not be included in inventory, state in what account, if any, it should have been recorded. E6-4 Compute inventory and cost of goods sold using periodic FIFO, LIFO, and average-cost. Mather sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Mather's purchases of EZslide snowboards during September. During the same month. 102 EZslide snowboards were sold. Mather uses a periodic inventory system. Instructions Compute the ending inventory at September 30 and the cost of goods sold using the FIFO LIFO, and average-cost methods. (For average-cost round the average unit cost to three decimal places.) Prove the amount allocated to cost of goods sold under each method. Date Explanation Units Unit Cost Total Cost Sept. IInventory 12$100S1.200 4.635 5.200 2.100 S13.135 Sept. 12Purchases45103 Sept 19 Purchases 50104 Sept. 26 Purchases 20105 Totals 127