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Exercise 6-15 (Part Level Submission) Martinez Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp.'s purchases
Exercise 6-15 (Part Level Submission) Martinez Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Martinez Corp.'s purchases of EZslide snowboards during September. During the same month, 116 EZslide snowboards were sold. Units 15 Unit Cost $106 Date Sept. 1 Sept. 12 Sept. 19 Explanation Inventory Purchases Purchases 49 109 110 Total Cost $1,590 5,341 6,380 2,553 $15,864 58 Sept. 26 Purchases 23 111 Totals 145 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Martinez Corp. uses a perpetual inventory system. Units Sale 8 Date Sept. 5 Sept. 16 Sept. 29 Sale 54 Sale 54 Totals 116 (a) x Your answer is incorrect. Try again. Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) (b) x Your answer is incorrect. Try again. Compute ending inventory at September 30 using FIFO, LIFO, and moving average. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory Click if you would like to Show Work for this question: Open Show Work
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