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Exercise 6-5 Blossom's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Blossom's purchases of Xpert snowboards during September is
Exercise 6-5 Blossom's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Blossom's purchases of Xpert snowboards during September is shown below. During the same month, 351 Xpert snowboards were sold. Blossom's uses a periodic inventory system Date Explanation Units Unit Cost Total Cost $ 7,575 13,493 6,264 15,950 $43,282 75 131 58 145 409 $101 103 108 110 Sept. 1 Sept. 12 Inventory Purchases Sept. 19 Purchases Sept. 26 Purchases Totals Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods FIFO LIFO The ending inventory at September 30 Cost of goods sold For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold FIFO LIFO The sum of ending inventory and cost of goods sold
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