*Exercise 6-4 Your answer is partially correct. Try again. Monty Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Monty's purchases of Xpert snowboards during September is shown below. During the same month, 227 Xpert snowboards were sold. Monty's uses a periodic inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 43 85 38 Unit Cost HK$973 1,048 1,067 1,137 Total Cost HK$ 41,839 89,080 40,546 94,371 HK$265,836 83 249 (a) Compute the ending inventory at September 30 and cost of goods sold using the FIFO and average-cost methods. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to 0 decimal places, e.g. 125.) FIFO Average-Cost The ending inventory at September 30 HK$25014 23848 HKSU X 241988 HK$ Cost of goods sold HK$ 240822 (b) For both FIFO and average-cost, calculate the sum of ending inventory and cost of goods sold. (Round per unit cost to 3 decimal places, e.g. 15.125 and final answers to 0 decimal places, e.g. 125.) The sum of ending inventory and cost of goods sold FIFO HK$265836 Average-Cost HK$(265836 Question Attempts: 2 of 3 used