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*Exercise 6-4 Your answer is partially correct. Try again Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating
*Exercise 6-4 Your answer is partially correct. Try again Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Blossom Company's purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold. Blossom Company uses a periodic inventory system Total Unit Date Explanation Units Cost Cost Sept $104 1,352 13 Inventory 1 Sept. 4,922 Purchases 46 107 12 Sept 19 5,400 Purchases 50 108 Sept 20 2,180 Purchases 109 26 $13,854 129 Totals (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 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at September 30 $2720 $2636 2675 (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 16490 Cost of goods sold $11134 16529
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