Exercise 6-4 (Part Level Submission)

Lindas Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Lindas purchases of Xpert snowboards during September is shown below. During the same month, 182 Xpert snowboards were sold. Lindas uses a periodic inventory system.

Date		Explanation		Units		Unit Cost		Total Cost
Sept. 1		Inventory		39		$101		$ 3,939
Sept. 12		Purchases		68		105		7,140
Sept. 19		Purchases		30		107		3,210
Sept. 26		Purchases		75		112		8,400
		Totals		212				$22,689

A. Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods.

B. For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold.