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Exercise 6-4 Sarasota Corp, sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sarasota Corp.'s purchases of EZslide snowboards
Exercise 6-4 Sarasota Corp, sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Sarasota Corp.'s purchases of EZslide snowboards during September. During the same month, 109 EZslide snowboards were sold. Sarasota Corp, uses a periodic inventory system. DateExplanation Units Unit Cost Total Cost Sept. Inventory Sept. 12 Purchases Sept. 19 Purchases Sept. 26 Purchases $91 94 95 96 s1,092 4,230 S,130 2,112 $12,564 12 45 54 Totals 133 (a Compute the ending inventory at September 30 using the FIFLIFO and average cost methods. Round average cost per unit to 3 decimal places, eg. 125.153 and final answers to 0 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 $ Click if you would like to Show Work for this question: Open Show Work
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