Exercise 6-05 a-b (Video) Karen's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Karen's purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Karen's uses a periodic inventory system Explanation Units Unit Cost Total Cost $ 2,522 4,680 2,120 5,350 $14,672 Date $97 104 106 107 26 45 20 50 141 Sept. 1 Sept. 12 Inventory Purchases Sept. 19 Purchases Sept. 26 Purchases Totals 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 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 $ LINK TO TEXT VIDEO: SIMILAR EXERCISE