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E6-4 Boarders sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Boarders's purchases of Xpert snowboards during September. During
E6-4 Boarders sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Boarders's purchases of Xpert snowboards during September. During the same month, 121 Xpert snowboards were sold. Boarders uses a perfodie inventory system. mit Am to remove the Exercises Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 26 45 20 50 141 Unit Cost $ 97 102 104 105 Total Cost $ 2,522 4,590 2,080 5,250 $14,442 Instructions den 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. 46) For both FIFO and LIFO calculate the sum of ending inventory and cost of goods sold. What do you notice about the answers you found for each method
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