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Exercise 6-05 a-b (Video) Sandra's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Sandra's purchases of Xpert snowboards during
Exercise 6-05 a-b (Video) Sandra's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Sandra's purchases of Xpert snowboards during September is shown below. During the same month, 121 Xpert snowboards were sold. Sandra's uses a periodic inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 26 $95 $ 2,470 Sept. 12 Purchases 45 100 4,500 Sept. 19 Purchases 20 102 2,040 Sept. 26 Purchases 50 103 5,150 Totals 141 $14,160 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 $ Click if you would like to Show Work for this question: Open Show Work
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