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*Exercise 6-04 Your answer is partially correct. Try again. Sage Hill Inc. sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is
*Exercise 6-04 Your answer is partially correct. Try again. Sage Hill Inc. sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Sage Hill Inc.'s purchases of EZ slide snowboards during September. During the same month, 100 EZslide snowboards were sold. Sage Hill Inc. uses a periodic inventory system. Units 15 Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Unit Cost $110 113 Explanation Inventory Purchases Purchases Purchases Totals Total Cost $1,650 5,424 6,042 2,760 $15,876 140 (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 $14584 514475 04520 (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 st11292 5111401 J11356 Question Attempts: 2 of 3 used
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