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Exercise 6-04 Teal Mountain Inc. sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Teal Mountain Inc.'s purchases
Exercise 6-04 Teal Mountain Inc. sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Teal Mountain Inc.'s purchases of EZslide snowboards during September. During the same month, 102 EZ slide snowboards were sold. Teal Mountain Inc. uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. Inventory 13 $107 $ 1,391 Purchases 110 5,390 Sept. 12 Sept. 19 Sept. 26 Purchases 53 20 135 111 112 Purchases 5,883 2,240 $14,904 Totals (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at September 30$ (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 $ Click if you would like to Show Work for this question: Open Show Work
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