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Exercise 6-04 Ivanhoe Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Ivanhoe Company's purchases of EZslide snowboards

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Exercise 6-04 Ivanhoe Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Ivanhoe Company's purchases of EZslide snowboards during September. During the same month, 105 EZslide snowboards were sold. Ivanhoe Company uses a periodic inventory system. Units Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Unit Cost $110 113 114 115 Total Cost $ 1,320 5,085 6,840 2,645 $15,890 (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to O decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at September 30$ (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to o decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold s Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO VIDEO

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