Exe E6.4 Boards sells a xpert, that is popular with enthusi- Compute inv Information relating to Linda's purchases of xpert snowboards during September is of goods sold LIFO. shown During the same month, 121 xpert snowboards were sold. Linda's uses a 2) (LO periodic inventory system. Cost Total Cost Date Explanation Units Unit Sept. 1 Inventory 26 97 2,522 Sept. 12 Purchases 45 102 4,590 Sept. 19 Purchases 20 104 2,080 Sept. 26 Purchases 105 5,250 $14,442 Totals 141 Instructions sold using the FIFo (a) Compute the ending inventory at September 30 and cost of goods and LIFo methods. Prove the amount allocated to cost of goods sold under each method, (b) 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? E6.5 xiong Co. uses a periodic inventory system. Its records show the following for the Comp month of May, in which 65 units were sold. LIFO Units Unit Cost Total Cost (LO 2 May 1 Inventory 8 $240 15 Purchases 275 Purchases