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Exercise 6-4 Bridgeport Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Bridgeport Corp.'s purchases of EZslide snowboards
Exercise 6-4 Bridgeport Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Bridgeport Corp.'s purchases of EZslide snowboards during September. During the same month, 101 EZslide snowboards were sold. Bridgeport Corp. uses a periodic inventory system Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Unit Cost Total Cost Explanation Inventory Purchases Purchases Purchases Totals Total Cost 13 46 53 19 131 $94 97 98 $1,222 4,452 5,194 1,831 $12,759 (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 (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 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold 9838 Click if you would like to Show Work for this question: Open Show Work
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