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Exercise 6-5 (Part Level Submission) Wildhorse's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Wildhorse's purchases of Xpert snowboards
Exercise 6-5 (Part Level Submission) Wildhorse's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Wildhorse's purchases of Xpert snowboards during September is shown below. During the same month, 321 Xpert snowboards were sold. Wildhorse's uses a periodic Inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 69 119 53 133 Unit Cost $100 104 Total Cost $ 6,900 12,376 5,724 14,630 $39,630 108 110 374 (a) Your answer is partially correct. Try again. 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 39630 5300 $ Cost of goods sold 39360 39630 Exercise 6-19 (Part Level Submission) Marigold Company reported the following information for November and December 2019, November December Cost of goods purchased $511,000 $700,000 Inventory, beginning of month 110,000 71,600 Inventory, end-of-month 71,600 ? Sales revenue 820,000 960,000 Marigold's ending inventory at December 31 was destroyed in a fire. (a) Compute the gross profit rate for November. (Round answer to o decimal places, e.g. 15%.) Gross profit rate LINK TO TEXT
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