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Exercise 6-05 a-b Marigold's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Marigold's purchases of Xpert snowboards during September
Exercise 6-05 a-b Marigold's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Marigold's purchases of Xpert snowboards during September is shown below. During the same month, 230 Xpert snowboards were sold. Marigold's uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Inventory 49 $100 86 105 Sept. 1 Sept. 12 Sept. 19 Sept. 26 Purchases Purchases Purchases $ 4,900 9,030 4,028 10,925 38 106 95 115 Totals 268 $28,883 Compute the ending Inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO The ending inventory at September 30 S Cost of goods sold $ LINK TO TEXT For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. FIFO LIFO The sum of ending inventory and cost of goods sold $ $ Click if you would like to Show Work for this question: Open Show Work
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