Elsas Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Elsas purchases and sales of Xpert snowboards during September is shown below. During the same month,208Xpert snowboards were sold. Additional data regarding Elsas sales of Xpert snowboards are provided below. Elsas uses a perpetual inventory system.

Date	Explanation	Units	Unit Cost	Total Cost
Sept. 1	Inventory	45	$101	$4,545
Sept. 12	Purchases	77	104	8,008
Sept. 19	Purchases	34	109	3,706
Sept. 26	Purchases	86	114	9,804
Totals	242	$26,063

Date	Units	Unit Price	Total Revenue
Sept. 5	Sale	21	$195	$4,095
Sept. 16	Sale	86	195	16,770
Sept. 29	Sale	101	210	21,210
Totals	208	$42,075

Compare ending inventory using a perpetual inventory system to ending inventory using a periodic inventory system.

Ending Inventory FIFO

Perpetual: Periodic:

Ending Inventory LIFO

Perpetual: Periodic: