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ending inventory Jennifer's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Jennifer's purchases of Xpert snowboards during September is
ending inventory
Jennifer's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Jennifer's purchases of Xpert snowboards during September is shown below. During the same month, 120 Xpert snowboards were sold. Additional data regarding Jennifer's sales of Xpert snowboards are provided below. Assume that Jennifer's uses a perpetual inventory system. (a1) Your answer is correct. Calculate moving average cost at Sept 1, 5, 12, 16, 19, 26& 29. (Round answers to 2 decimal places, e.g. 1.25.) September 1$ September 5 September 12$ September 16$ September 19$ Compute ending inventory at September 30 using FIFO, LIFO, and moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.)Step by Step Solution
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